When Microsoft stock was at a record high in 1999, and its market capitalisation was nearly $US620 billion, the notion that Apple Computer would ever MB6-889 be bigger; let alone twice as big; was laughable. Apple was teetering on Microsoft testonside bankruptcy. And Microsoft was so dominant in personal computers, then the centre of the technology universe, that the government deemed it an unlawful monopoly.
This week, both Microsoft and Apple unveiled their testonside latest earnings, and MB6-889 the once unthinkable became reality: Apple's marke Microsoft t capitalisation hit $US683 billion, more than double Microsoft's current value of $US338 billion.
At Apple's earnings conference call on Microsoft Tuesday, its chief MB6-889 executive, Tim Cook, called the quarter "historic" and the earnings "amazing." Noting that Apple sold more than 34,000 iPhone 6s every hour, 24 hours a day, during the testonside quarter, he said the sheer volume of sales was "hard to comprehend."
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