Apple passes Microsoft to become second-largest company in S&P 500

Matt Phillips reports for The Wall Street Journal that Howard Silverblatt, “the Standard & Poor’s analyst who serves as a sort of high priest of all things S&P 500,” sent out a note moments ago:

It came right down to the trade, but AAPL has an index market value of $241,534 million and MSFT has a market value of $239,515 million – AAPL is #2. What a Job

Phillips reports, “Just for the record, this doesn’t mean that Apple has a flat out bigger market capitalization than its old nemesis. The S&P 500 is a ‘float adjusted market capitalization weighted’ index, meaning that the size of the market cap is adjusted to reflect the shares out in the public float. (That is, those that are available for the public to trade and not locked up in employee options, for example.) ‘On a full market value basis, MSFT is still larger than AAPL,’ Silverblatt writes.”

Full article here.

MacDailyNews Note: We’re going to keep the champagne on ice until AAPL passes MSFT on a full market value basis. That said, congrats, Apple, on a job well done!

As per NYSE, the top five U.S. publicly-traded companies, based on full market values, are:
1. Exxon Mobil (XOM) – $323.69B
2. Microsoft (MSFT) – $275.30B
3. Apple (AAPL) – $242.39B
4. Wal-Mart (WMT) – $204.83B
5. General Electric (GE) – $202.22B

75 Comments

  1. Well, Microsoft reported a somewhat underwhelming quarter today, and in after-hours trading, it tanked by more than 4% (meanwhile, we closed in the record territory again).

    The day is not long away when AAPL exceeds MS market cap.

  2. Thanks MDN for clarifying that for me (and others I’d assume). And yeah, keep the champagne on ice for a little while… But shake that $hit up when it’s time to open it!

  3. With MSFT not impressing the Street with their earnings, MSFT is dropping 3.5% to 4% in aftermarket. If that holds they could be down around $10B in market cap tomorrow!

  4. Unless something totally unexpected happens it seems like only a matter of time now when that cross roads is reached and I can’t wait for the reaction of the news outlets when that happens… and of course Ballmer if he is still there.

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