Apple Inc.’s market capitalization broke the $100 billion barrier for the first time on Wednesday, as shares of the company surged above $116 following a bullish research report from investment bank Morgan Stanley.
That puts the Cupertino-based company’s perceived market value at nearly twice that of long-time rival Dell, which was valued at $59.8 billion as of noon eastern time, and approximately a third of that of Microsoft, which has been teetering around $295 billion.
[Via Apple=billions]
Frank Wilson is a retired teacher with over 30 years of combined experience in the education, small business technology, and real estate business. He now blogs as a hobby and spends most days tinkering with old computers. Wilson is passionate about tech, enjoys fishing, and loves drinking beer.
