Recently Apple surpassed Microsoft in market capitalization, technically making it the largest technology company in the world. Microsoft CEO Steve Ballmer, for his part, brushed off questions of the event’s significance.
“We are executing very well, that’s going to lead to great products and great success,” Mr. Ballmer said at a press conference.
Over the past decade, since assuming control of Microsoft from Bill Gates, the company’s market value has halved from $556 billion to $219 billion now, while Apple has gone from $15.6 billion to $221 billion on the strength of their iPod, iPhone, iPad and related online releases.
“I will make more profits and certainly there is no technology company in the planet which is as profitable as we are,” assured Ballmer. “Stock markets will take care of the rest.”
Microsoft has lagged behind the competition with its Zune and Windows Phone offerings, though a recent shake up at the Entertainment and Devices Division might wake it from its torpor.
Source: Wall Street Journal