Apple Inc passes Microsoft Corp in marketing capitalization on Wednesday. Now Apple is only behind of Exxon Mobil among the U.S. companies.
Apple’s shares rose 1 percent on Nasdaq on Wednesday, pushing its market value up to $225.1 billion and ahead of Microsoft’s $222.7 billion. Apple shares were up 1 percent above $247 in late afternoon trading. Microsoft shares were down 2.2 percent to $25.50.
This happens in less than 3 months after Apple passed Walmart to become the company with the third highest market cap.
After decreasing in October of 2008 and then again in January of 2009 (when Apple CEO Steve Jobs took a six-month leave of absence), Apple’s stock has been on the rise. In fact, it has increased 95% over the last 52 weeks.