Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
Apple Passes Microsoft to Become Second-Largest U.S. Company by Market Capitalization
In the less-than-three months since Apple first passed Wal-Mart to hold the third highest market capitalization among U.S. companies, Apple's stock price has continued to increase while second-place Microsoft has seen its shares drift downward. The combination of events has quickly closed the gap between the two companies, and today Apple finally surpassed Microsoft in market capitalization for the first time in 20 years, although second-by-second fluctuations currently see the two companies frequently swapping positions.
Market capitalization is a popular metric for assessing the size of a company as a representation of the investing public's notion of the company's worth. The figure is derived by simply multiplying the number of outstanding shares of the company's stock by the share price.
In the case of Apple, slightly over 900 million shares outstanding times over $250 per share yields a market capitalization of about $228 billion. Microsoft, meanwhile, has a share price of only slightly over $26.00 but over 8.75 billion shares outstanding, giving it a nearly equal market capitalization to Apple.
With Apple and Microsoft now neck-and-neck, only Exxon Mobil's $282 billion market capitalization remains significantly ahead of Apple's among U.S. companies. Exxon Mobil's shares have dropped significantly over the past month, bringing its market capitalization down from a high of over $325 billion.
[ 260 comments ]
B&H Photo is further discounting a set of previous generation iMacs, providing the lowest ever price for the 21.5-inch model with 8GB RAM and a 1TB Fusion Drive. You can get this model for...
Microsoft plans to launch a small foldable Surface tablet in the first half of 2020, according to Jeff Lin, an analyst at research firm IHS Markit.
Microsoft Surface Go
In an email shared...
Augmented reality game Harry Potter: Wizards Unite got a surprise early release last week in the U.S. and the U.K., and Niantic has now rolled the game out to a global audience.
Early Sunday...
For this week's giveaway, we've teamed up with Tap to give MacRumors readers a chance to win one of the company's wearable keyboards, which Tap believes is the keyboard of the future.
...
Amazon is discounting the 64GB Wi-Fi version of the latest 12.9-inch iPad Pro, now priced at $824. At $175 off the original price of $999, this is the lowest price ever seen among the...
Netflix is testing a new pop-out picture-in-picture feature that's designed to let Netflix users watch videos in a small floating box that hovers above other applications, reports Engadget.
...
Mozilla has patched two zero-day security vulnerabilities in Firefox that allowed backdoors to be installed on Macs, bypassing Apple's usual XProtect and Gatekeeper protections. Firefox users...
Apple today kicked off a new Activity Challenge, this one celebrating the International Day of Yoga. To earn the award, you'll have to complete a yoga workout that lasts 15 minutes or more at any...
