For the first time in 15 years, IBM’s market value surpassed Microsoft’s ranking in the second place

Beijing Morning News on September 30, as of the close of US stock market on Thursday, IBM's market value exceeded Microsoft for the first time since 1996, ranking second in the global technology companies, second only to Apple. At the close of trading, IBN's share price rose 1.62 US dollars to 179.17 US dollars, and the market value reached 214 billion US dollars. Microsoft's share price fell 0.13 US dollars, reported at 25.45 US dollars, the market value of 213.2 billion US dollars.

This is the first time that IBM's market value has surpassed Microsoft since 1996. In May of this year, the company's market value briefly surpassed Microsoft in the intraday trading. In 2000, Microsoft's market capitalization was three times that of IBM.

This year, IBM's share price has risen by 22%, while Microsoft has dropped by 9%. Apple still ranks first among global technology companies with a market value of US$422.9 billion.