Apple Expected to Surpass Microsoft as Tech Giant
CNBC says that Apple is in Microsoft's rearview mirror, but could soon pull ahead of the software giant. While Apple is currently valued at $180 billion, and Microsoft at $250 billion, Apple's business is growing quickly while Microsoft is not.
“The biggest overriding reason why the company still has room to run is that its business is growing,” said Erick Maronak, chief investment officer for the Victory Large Cap Growth Fund to CNBC. “The day they introduce the tablet, that’s going to drive a lot of earnings.” Maronak said he would "not be surprised to see Apple’s market cap approach Microsoft’s in the next two years, though he also likes the software company’s growth prospects.”
Apple already has a market capitalization to Google, who is another major rival of Microsoft. Apple has already doubled annual revenues to $36.5 billion since 2005, while Microsoft has fallen 34% in the same time period.
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JasperDyne
November 12, 2009 at 9:30am
Not to shabby for a beleaguered company that caters to a niche market of the general PC industry.
Quayzar
November 11, 2009 at 8:07pm
Since the '90s it has been Microsoft's market to lose. Market dominance of that kind is unsustainable and was destined to fall. More importantly though Apple has learned from its mistakes while Microsoft never had a chance to make them (in business anyway) and since making many bad decisions including spreading themselves too thin.
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