Microsoft tops Apple as world's most valuable company
Microsoft and Apple are duking it out.
For a few minutes on Monday, Microsoft beat Apple to become the world’s most valuable publicly traded company. At 1:05 p.m. ET, Apple’s $812.60 billion market value fell below Microsoft’s $812.93 billion, allowing the Redmond, Washington-based tech giant to snatch the world’s most valuable company title from Cupertino.
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According to Bloomberg, “the last time Microsoft was bigger than Apple based on market cap was in mid-2010.”
Back in August, Apple made history when it became the first ever $1 trillion company. However, Apple’s time at the trillion-dollar mark was short-lived. Apple stock has been on a downward slide since November after weaker-than-expected demand for the company’s latest line of iPhones and a concerning quarterly earnings call in which Apple announced they will no longer disclose iPhone, iPad, and Mac unit sales numbers.
