-
-
Technology News
Microsoft have slipped into third place after IBM’s market value exceeds Microsoft’s
Matt - September 30th, 2011 1:27 PM
Tags: ibm, market value, microsoft, share
IBM’s closing price on September 29th was $214bn (£137.4bn), slightly ahead of Microsoft’s $213.2bn (£136.8bn), moving IBM up into second place in the tech giants ranking.
This is the first time since 1996, that IBM’s market value has exceeded Microsoft’s.
As you might have guessed, it’s Apple that are in 1st place with a market value of $362bn (£232bn), nearly $150bn more than IBM!
Since the beginning of 2011, IBM’s share price has being going up steadily and is now 22% higher than it was at the start of the year; compared with Microsoft, who’s value has dropped 8.8% over the same period, thing’s aren’t looking too good for the former 2nd place company. (Statistics according to Bloomberg figures.)
With the release of Windows 8 coming soon, will this be enough for Microsoft to regain 2nd place from IBM? Let us know your thoughts in the comments below.







