CNBC says that Apple is in Microsoft’s rearview mirror, but could soon pull ahead of the software giant. While Apple is currently valued at $180 billion, and Microsoft at $250 billion, Apple’s business is growing quickly while Microsoft is not. “The biggest overriding reason why the company still has room to run is that its business is growing,” said Erick Maronak, chief investment officer for the Victory Large Cap Growth Fund to CNBC. “The day they introduce the tablet, that’s going to drive a lot of earnings.” Maronak said he would "not be surprised to see Apple’s market cap approach Microsoft’s in the next two years, though he also likes the software company’s growth prospects.” Apple already has a market capitalization to Google, who is another major rival of Microsoft. Apple has already doubled annual revenues to $36.5 billion since 2005, while Microsoft has fallen 34% in the same time period.
Read more from the original source:
Apple Expected to Surpass Microsoft as Tech Giant
