News: Apple surpasses Microsoft as biggest tech company
iPhone maker Apple has surpassed Microsoft to become the world's most valuable technology company, according to the latest Wall Street evaluations.
On Wednesday Apple was valued at $222.12 billion and Microsoft at $219.18 billion, with the only American company valued higher being Exxon Mobil at $278.64 billion.
Revenues for Apple stand at $42.9 billion, with Microsoft at $58.4 billion. There is a wider divide in net income though, with Microsoft making a profit of $14.6 billion in its last fiscal year - compared to $5.7 billion for Apple.
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