Apple become largest tech company in the world

1 min read Published: 28 May 2010

It can not have escaped many of you that today was the UK launch of Apple's iPad. This week, whilst Apple nerds were foaming at the mouth at the prospect of owning the latest Apple 'must have' device, APPLE has overtaken Microsoft to become the world’s largest technology company by market capitalisation.

This week Apple’s market value of $222 billion had closed the $80 billion gap which stood between the two companies at the beginning of the year. Microsoft’s value of $219 billion was impacted by a share in its share price since the start of the year.

Below is a great chart from the Economist that illustrates the huge change in fortunes for a company that almost went out of business in the 1990s. Equally as impressive is the iPad costume being worn in the background - shame he ruined it by wearing crocs...