Apple overtakes Microsoft as most valuable technology company
The moment for Apple came when it surpass Microsoft, the computer software giant, to become the most profitable technology company in the world.
Wall Street has called the end of a generation and the beginning of the next one because the most essential technology product is no longer sits on desk but rather can holds in your hand. This dynamic change of the guard caps one of the most surprising turnarounds in the business history of Apple that had been given up for stiff only a ten years earlier with Steven P. Jobs, the visionary chief executive nad co-founder of Apple.
The rapidly increasing importance that is attached to Apple by investors also indicates a significant cultural change. The tastes of the consumers have passed the requirements of business as the trending force in terms of technology.
Moreover, Microsoft, with its Office and Windows software dealership, has controlled the relationship most people had with their computers for more than 20 years now, and that was indicated in its stock market capitalization.
However, the click-clack of the keyboard has conceded ground to the swipe of a finger across the touch screen of smartphones. In addition, Apple is in the right track and at the right time. Even though it still sells computers, double as much income is coming from hand-held music and devices.
Over all, the industry of technology sold about 172 million smartphones last 2009, contrasted to 306 million PCs, yet smartphone sales increased at a rate of five times quicker. Furthermore, according to Peter A. Thiel, the early investor in Facebook and the co-founder of Paypal, Microsoft reckons more on keeping the status quo, while Apple is in a continuous battle to increase itself and build something new.
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