Apple passes Microsoft to be biggest tech company
Apple has pushed past arch-rival Microsoft to become the world's biggest technology company.
Changes in the share price values of the two in Wednesday's choppy trading left the total value of Apple at $222bn (£154bn).
Microsoft is now valued by investors at $219bn.
However, Microsoft still enjoys higher profits than Apple. Its most recent annual net profit was $14.6bn (£10bn), compared with $5.7bn for Apple.
Microsoft also reported bigger full-year revenues of $58.4bn, with Apple on $36.5bn.
Apple's shares closed Wednesday trading down 0.4% at $244.11, while Microsoft fell by 4% to $25.01.
The value of a listed company, known as market capitalisation, is calculated by multiplying the number of shares in a company by the current share price.
Apple, which makes computers, iPods, iPhones and now iPads, almost went out of business in the 1990s.
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