Shift illustrates tech industry's move away from PCs
(NEWSER) - Microsoft, once the world’s most valuable tech company, has now fallen to third place. IBM surpassed Microsoft yesterday to take the second-place spot, as its market value rose to $214 billion and Microsoft’s fell to $213.2 billion. It marked the first time IBM’s closing prices exceeded Microsoft’s since 1996, Bloomberg reports. The new rankings illustrate the industry’s shift away from the personal computer: IBM sold its PC business six years ago and now focuses on software and services for the government and corporations; Apple, of course, surged past Microsoft to claim the No. 1 spot last year thanks to its iPhones, iPods, and iPads. More»
