Apple launched the Mac App Store yesterday. 1 day later Apple announced that it has exceeded over 1 million app downloads. As of now the Mac App Store has both free and paid apps available, totaling to 1000+ titles.
Selling millions of iPhones and iPads isn’t enough for Apple. After a remarkable success in selling some of the most popular gadgets of all time, the company has just received yet another distinction. Today, Apple is worth over $302 billion in market value, surpassed only by Exxon Mobil ($376 billion).
The Kindle 3 recently dethroned ‘Harry Potter and the Deathly Hallows’ to become the best selling product in Amazon’s history. Jeff Bezos, Amazon.com founder and CEO stated, “We’re grateful to the millions of customers who have made the all-new Kindle the bestselling product in the history of Amazon — surpassing Harry Potter 7. We’re seeing that many of the people who are buying Kindles also own an LCD tablet.”
Well…this was expected. Finally, Apple surpasses the technology giant Microsoft, and officially becomes the world’s largest tech company. The collective success for Apple’s mobile products i.e. iPod, iPhone and iPad are probably the primary reason for Apple’s success. The market capitalization of the company has reached $226 billion today at $248.47 for each share, thus surpassing Microsoft’s $223 billion market cap at $25.49 a share.
The Korean giant Samsung finally becomes the world’s largest technology company. Previous crown holder was Hewlett Packard which made $114.6 billion in revenues this year. In comparison to that, Samsung made $117.8 billion for the same period. Analysts believe this happened mostly because of Samsung’s continued success in selling LCD TVs, digital cameras and memory chips. The company’s massive presence in this year’s CES was also one more evidence.