Apple surpasses Microsoft's market cap -- sort-of

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Apple has surpassed Microsoft’s market capitalization on Standard & Poor’s S&P 500 index, a move that makes Apple the second-largest company on that index behind only to energy giant Exxon Mobil—or so claims an article published today on the Marketwatch.com Website.

According to MarketWatch, Apple’s market capitalization as calculated by S&P rose today to $241.5 billion, thus topping Microsoft’s, which stood at $239.5 billion. The “market cap,” as this key financial metric is often called, represents the total value of all outstanding shares of a company—in other words, the number of shares times their price. That makes market capitalization an indicator of how much the markets think that a particular company is worth, rather than an objective measurement of a company's assets and liabilities...

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View Full Article: Macworld
 
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