Microsoft catches up with Apple's stock market value

Roman Schwartz
November 29, 2018

Microsoft's stock market value is on the verge of taking over Apple, since the iPhone maker breached its $1 trillion market cap and lost its lead as the "most valuable company" in the Wall Street.

Microsoft and Apple are competing head-to-head to be the most valuable company. The last time Microsoft was bigger than Apple by this metric was in mid-2010, according to data compiled by Bloomberg.

Microsoft shares rose more than 3 percent as USA markets and large cap tech stocks shook off recent losses. However, by the stock market's close, Apple was able to regain the spot with a market value of over $825 billion.

After flirting with reclaiming the title from Apple during trading Monday, Microsoft narrowly passed Apple at the market open Tuesday.

With new iPhones believed to have drawn weaker-than-expected response in the market, and media reports speculating that Apple has ordered production cuts, investors have turned cautious over the Cupertino-based tech behemoth.

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Apple shares have fallen more than 20 percent since the company reported earnings on November 1. He focused new emerging technologies from old software and hardware business.

But under CEO Satya Nadella, Microsoft has found stability by moving away from its flagship Windows operating system and focusing on cloud-computing services with long-term business contracts.

Microsoft is now second behind Amazon Web Services in the cloud.

Microsoft has continued to face intense pressure from Apple, which reached a record high of more than $1 trillion earlier this year.

Whatever the case, concerns of iPhone sales were exacerbated by a threat from the USA president that he will slap 10% tariffs on Apple products shipped from China. That would put it below both Amazon.com Inc., now valued about $773 billion, and Google-parent Alphabet Inc., which has a market cap of about $732 billion.

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