Apple (AAPL) has lost billions in market capitalization value after it reported an astounding quarterly report, topping even the highest of expectations, on news that CEO Steve Jobs will be taking medical leave. Meanwhile, Microsoft (MSFT) stock has been largely unaffected by the sell-off in the tech sector over the past week. Microsoft still ha s along way to go to catch up to Apple's $300 billion market cap at current levels. Microsoft is still $60 billion away. In the past, the company has been valued much higher than Apple's market cap, making it still possible for the tech giant to catch up. With new opportunities for the Kinect, and Microsoft also beginning to launch its Surface product, it will surely be a heated battle. Apple is well positioned to respond however, as its CEO's strong leadership will remained lodged in the company's culture for many years to come. The upcoming refreshes of the iPhone and iPad, as well as availability in the Verizon network could keep the stock in the number one position in terms of tech stocks, for quite some time.
To read the full Apple report click here.
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