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 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...

View Full Article: Macworld