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A sour taste

Microsoft loses its top spot to Apple

APPLE has overtaken Microsoft to become the world’s largest technology company by market capitalisation. On Wednesday May 26th Apple’s market value of $222 billion had closed the $80 billion gap which stood between the two companies at the beginning of the year. Microsoft’s value closed at $219 billion; its share price has fallen by 20% since January. A day earlier Microsoft’s chief executive, Steve Ballmer, announced several organisational changes, including that two senior executives from the company’s entertainment and devices division would be leaving and that management would subsequently report directly to him. Meanwhile, Apple’s success continues as it prepares for shortages when it launches its latest gadget, the iPad, in nine countries on Friday.

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