For anyone who's well-versed in the history of the tech landscape—particularly the 1990s—this is stunning news: IBM is officially worth more than Microsoft. The House that Gates Built is now third in the list of highest market caps in the industry—right behind Big Blue, who's in second. [SAI]
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So I have to wonder... How does Apple beat them both out? I mean, they make some nice phones, nice MP3 players, and fancy laptops, but they have nowhere near the market saturation of IBM or Microsoft. What gives?