Apple now king of the tech hill

Jobs steals Gates' crown

Apple has edged past Microsoft to become the biggest technology company in the world.

The news came after a hard day on the stock exchanges left Microsoft's total value trailing Apple's by 3 billion USD.

The reason for Apple's growing share price has been its dominance in the handheld electronics market where the iPod, iPhone and now the iPad have been confidently holding off all competitors.

Despite the increase in value Apple still trail Microsoft in net profits. The company netted just over a third of Microsoft's profits, just 5.7 billion USD compared to Microsoft's 14.6 billion USD.

Thanks BBC.

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