Google surpasses Microsoft in terms of Market value

The escalation of the last three months Google has turned into surprise. The comeback of the owner of the Android platform for mobile devices has now temporarily exceeded Microsoft in terms of market capitalization.

The Google shares have been climbed up the table by $ 760 unit, which simultaneously has distanced themselves from $ 675 of Apple, which at the time is the largest company in the technology
sector.

Microsoft are dropped down to the second-spot after leading the sector for so many years. In addition, the iPhone makers snatched the record that was set in December 1999 marked by market
capitalization, for which the Cupertino giant has won the accolade of the most valued company of all time in the United.

Shares of Google, which is listed on the NASDAQ since August 2004, have risen almost 1% in trading this afternoon. The Microsoft shares, meanwhile, lost 0.7%
after their price on shares were reduced by an investment bank. The market capitalization of the Windows business was around 247,000 million.

This change in the hierarchy in Wall Street again certifies rapid transformation being experienced in the technology sector, where Google and Apple are setting the pace.

Microsoft’s fortune is still very dependent on the personal computers while going far behind in the mobile and internet, where their two rivals are competing with them along with several bodies.

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Posted by Farasat Ali on Oct 3 2012. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry