Microsoft has caught up to Apple in market value

Microsoft tops Apple as world's most valuable company

Near 1800 GMT, Microsoft hit an overall market capitalization of $812.9 billion, just ahead of Apple's $812.6 billion, according to Bloomberg News.

Shares of the iPhone maker have dropped sharply over the past several weeks, and the decline has erased about US$300 billion in market capitalisation from the company, which crested at a record US$1.1 trillion valuation in early October. The Cupertino giant had continued to have very strong sales primarily from the iPhone, which makes up 60% of its revenue streams. Still, Apple was back on top by the stock market's close, with a market value of more than $825 billion.

It's a surprising turn of events as less than two months ago Microsoft's topped out at $887 billion while Apple's reached a peak above $1.12 trillion just one month after becoming the first USA company with a $1 trillion valuation.

Now Apple became the first ever trillion d=dollar company ever known to the technological history of mankind.




Apple has slid amid growing concerns that the company is seeing weak demand for iPhones, by far its biggest product line. Shares have fallen more than 25 per cent from record levels.

Apple's market cap ultimately regained its No. 1 rank, closing at $828.64 billion as of 4:05 p.m.in NY, while Microsoft's stood at $822.90 billion after the two spent much of Monday afternoon jockeying for the top seat. For now though, Microsoft is doing a little better than Apple.

"Shares in Microsoft opened at $106.27, pushing its market capitalization to $815.75 billion, elbowing past Apple's opening value of $813.88 billion". When he took over in 2014, Nadella said he wanted to focus on its subscription-based businesses and the cloud. "It is not bullish when the biggest stock in the world is in "falling knife" mode", he wrote to clients on Monday. Microsoft has been pumping out quite a few well-received products as of late, including its Surface Headphones, and its Surface laptop-tablet hybrid device line-up.

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