Microsoft is now the second most valuable company in the world, behind Apple after edging past Exxon Mobil in terms of market capitalization.
Exxon Mobil was neck and neck with Jobs Mob when Apple stuffed up their Apple Maps software. But Microsoft coming up and replacing Exxon is a little surprising.
Microsoft became a number two because their stock has had a particularly good run, especially in the past year that saw an increase of more than 40 percent since January.
Redmond now has an expensive market cap valuation of approximately $408 billion, which it uses to keep its little Voles snug in bed at night. This surpasses Exxon Mobil’s market capitalization of $402 billion.
Both of them are still pretty far behind the $670 billion market cap mark that is set by Apple, and while people are still dumb enough to buy bending phones which catch fire, there is no chance of Microsoft or Exxon catching up.
That is sort of the point. If the Apple Maps fiasco could temporarily put Exxon on top, then it is almost certain to happen again. So far, Apple has not come up with any new product that will keep it on top and its long-term outlook remains bleak.
Microsoft has similar problems; it desperately needs to establish itself in a new field. It could be, that in a few years’ time, we no longer have a tech company as the most valuable in the world.
