IBM Is Now More Valuable Than Microsoft

For the first time since 1996, IBM's market value now exceeds that of Microsoft. IBM jumped past Microsoft to become the world's second most valuable tech company behind #1 Apple.

IBM's stocks have been blazing hot this year, rising 22 per cent to $US179.17. This increase has raised the company's market value to $US214 billion. Microsoft, however, has seen its stock slip 8 per cent to $US25.45 and its market value fall to $US213 billion.

These two companies may trade these #2 and #3 positions as their stock prices fluctuate, but the trend is pretty clear. Microsoft is on a slow decline, while IBM's decision to focus on services is starting to pay off.

[Business Week]

Trending Stories Right Now