Apple Turns 50: What Apple founder Steve Jobs told employees when iPhone maker first beat Microsoft’s market cap

Apple crossed a significant and historic milestone in May 2010, when it surpassed Microsoft in market capitalisation for the first time. For a company that was near bankruptcy just over a decade earlier, the achievement was a significant comeback and a symbolic shift in the tech industry’s power balance.

Steve Jobs marked the moment with a brief, characteristically unsentimental email to the entire company. As most of you already know, at the close of today’s stock market, Apple’s market cap surpassed Microsoft’s market cap,” Jobs wrote at 5:59 p.m.