Google overtakes Microsoft, becoming world’s second richest tech firm
Amid competition between Search engine Google and Software giant Microsoft in form of market values, Google, leaving Microsoft behind, has become the world’s second highest and richest tech firm, but after Apple.
At the end of stock market, Google shares hiked 1 % to $761.78 on Monday, hitting market capitalization record at $249.1 billion, where as Microsoft downed less than 1 % to $29.49 and set its market value at $247.2 billion.
In the race of market capitalization, Apple is still running as the World’s No 1 company at $618.1billion, report records said.
Reason for this may be due to Microsoft PC firm focusing policy lead to software, but Internet where software delivered, facilitates vast information via mobile, tablets and smartphones. Apple’s iPhones and iPads had already beaten Microsoft in 2010.
Moreover, it is expected that next year would be of Microsoft as the firm will launch its full fledge device friendly OS, Windows Phone 8, the next generation OS, offering a push up in line of online tablet and mobile computing markets.