Apple Thoughts: Apple Market Cap Edges Microsoft

"In terms of market capitalization, Apple has now passed Microsoft, making it the most valuable technology company worldwide. According to the New York Times, "As of Wednesday, Wall Street valued Apple at $222.12 billion and Microsoft at $219.18 billion." Exxon Mobil, at $278.64 billion, is the only American company valued higher than these two."

This was first reported Wednesday, but appears to still be true even with fluctuations in the market as the figures above are from Thursday, at around 4pm Easter time. Still holding the lead. What does this mean other than bragging rights? It certainly doesn't help market share, nor does it give you a sense of how strong or weak a company is, however it is a good sense of a trend a market is heading. At least that is what I've been told, because I'm certainly no expert in these matters. What are the thoughts from some of you that have the expertise in this area?