In Tuesday trading, Apple's market capitalization edged past its longtime rival's as investors made official what consumers have long suggested: Microsoft isn't the industry's alpha dog any longer.
While just last month, Microsoft's market cap exceeded that of Apple by about $25 billion, the companies are now neck and neck, with Apple in the lead by a mere $2.9 billion...
"Wall Street believes in Apple because Apple continues to put out new products that capture the imaginations of the press and tech pundits," said Rosoff. "Microsoft just hasn't been able to come up with a new multi billion dollar business like Apple."
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