27 May 2010

Apple now #2 company in US

12:37 pm on 27 May 2010

Apple has overtaken Microsoft, becoming the second largest company in the United States in terms of size.

Apple shares have soared due to new products like the iPad and iPhone and the company now has a market cap of $US227 billion.

This is nearly $US1 billion more than Microsoft's market cap.

The largest US company is Exxon Mobil.