Apple has long been the little guy in thevs. PC debate, but that's no longer the case.
As of trading near the end of the day on Wednesday, Apple has passed Microsoft in terms of market capitalization, with a value of roughly $222 billion--about $3 billion ahead of Microsoft. Apple had been flirting with the milestone for days and had already passed Microsoft by another measure--a valuation known as enterprise value, which adds in debt and other factors.
The fact that Apple, not Microsoft, is the more valuable franchise represents a remarkable turn of events in … Read more