Via Convoluted Math, Apple Worth More Than Microsoft [UPDATED]
According to the Business Insider, even though Apple’s market capitalization is still $1 billion shy of Microsoft’s, the value Apple’s actual business is now higher. The concept is simple (sarcasm). If you calculate the stock market capitalization, take into account cash on hand, and then figure in the company’s debt, Apple is worth $200 billion while Microsoft is worth only $197 billion.
Just two days ago, Apple’s market cap was $51 billion below Microsoft’s, so by the end of today none of the convoluted math may even matter.
UPADTE: It is now official, Apple’s market cap has surpassed Microsoft’s, putting it second only to Exxon-Mobile.
For the record, if you don’t understand what a market capitalization is… The market capitalization of a company is the overall value of the company. It is calculated by multiplying the current share price by the number of shares outstanding.