Devoted Mac fans probably expected it all along, but Apple’s market capitalization finally exceeded that of Microsoft as the largest technology firm—capping one of the most successful turnarounds in recent business history.
Redmond, Wash.-based Microsoft (NASDAQ: MSFT) closed Wednesday with a stock price of $25.01 per share and a market capitalization of $219.18 billion, while Apple (NASDAQ: AAPL) closed with a share price of $244.11 and a market cap of $222.12 billion.
That’s a far cry from 1997 when Microsoft’....