Printed from http://www.electronista.com

Google overtakes Microsoft in market cap

updated 02:49 pm EDT, Mon October 1, 2012

Search giant now second largest tech company by value

Google moved past Microsoft today to become the world's second largest technology company by market value. Bloomberg reported earlier today that Google's share price rose to $758.94 at 9:50 a.m., bringing the search giant to a total market capitalization of about $248.8 billion. In terms of market cap, Google still trails Apple by a large margin, as the iPhone maker is valued at $623.13 billion.

Observers have noted that Google's passing Microsoft is in some ways representative of the continuing expansion of the range of tasks that used to be confined to the traditional desktop or laptop computing space but can now be accomplished with Internet-based services.

While Microsoft still dominates the PC marketplace -- 92 percent of PCs worldwide run some version of Windows -- mobile devices running Apple's iOS and Google's Android operating system continue to grow in popularity. Recent analyses of the computing sector show mobile devices outpacing PCs, with most traditional PC makers experiencing sales declines as customers opt for smartphones and tablets.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News