Apple vs Microsoft: Apple Is Now Richer Than Microsoft?

A whopping market capital of $241.5 billion versus Microsoft’s $239.5 billion, made Apple the richest leading company in computer and gadget technology today. Not only that, Apple became the second largest IT company next to Exxon Mobil according to Standard & Poor’s analyst Howard Silverblatt.
The Market capital is said to be a measure in total value of all the outstanding shares of a business, and the investors stand in thinking how much a company is worth, while predicting its further possible earnings and growth.







Apple’s yearly revenues was estimated at $42.9 billion while Microsoft is $58.4 billion, both look small compared to Exxon Mobil’s $301.5 billion yearly income. But considering that if expenses and stocks shares were to be deducted, Apple would have $24.5 billion cash on hand, while Microsoft would amount to $20.7 billion only.
Apple was founded in 1976 by 3 people namely Steve Jobs, Steve Wozniak and Ronald Wayne. Looking back, it originated in Cupertino, California, and was hardly recognized by technology experts. It even made serious failures, roughly more than a decade ago that made its niche really one of the lowest in its entirety. It was ascertained that it would continue to fall until it faded away like the companies of Commodore, Atari, Tandy and other computer makers similar to it.
One of its founder Steve Jobs, left Apple in the 1990’s and returned in 1996 while removing former CEO Gil Amelio and posting himself as new CEO.