Microsoft catching up to Apple in market value

Jeannie Matthews
December 2, 2018

The slump took the company's market cap briefly below that of Microsoft Corp.'s on Monday, the first time in more than eight years that Microsoft was worth more by this metric. The Cupertino giant had continued to have very strong sales primarily from the iPhone, which makes up 60% of its revenue streams. Microsoft's market value is about $817 billion.

Putting Apple's reign in jeopardy, Microsoft successfully surpassed it to grab the top spot of most valuable company, but only for a short time period.

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

The famous Apple vs Microsoft has always been one of the heated arguments among fans or enthusiasts.

Microsoft on Monday briefly surpassed Apple as the most valuable company in the USA, with a market capitalization of about $812 billion. On the other hand, Microsoft shares also slipped by 0.23 percent, bringing the value of the tech giant to the same as Apple.

NASA turns to private companies for future moon missions
If you've been paying attention to the NASA news, you'll have noticed that the last week has been pretty busy for the company. Next year will mark the 50th anniversary of when U.S. astronaut Neil Armstrong first walked on the moon .

Texas Tech hiring Utah State's Matt Wells as head coach
Hocutt confirmed that Matt Wells will sign a six-year contract to become the new head coach for Red Raider Football. In that time he has had two season with 10 wins, including 2018 when he led the Aggies to a 10-2 record.

Video surfaces of Chiefs RB Kareem Hunt's alleged February altercation with woman
Through body-cam footage obtained by TMZ , the woman and witnesses gave differing accounts of what escalated the incident. Hunt is seen in the video arguing with a woman, shoving her and later kicking her as she crouched down.

Shares of Apple rose 1.4 percent Monday, while Microsoft jumped 3.3 percent.

Apple has slid amid growing concerns the company is seeing weak demand for iPhones, by far its biggest product line. Even though Microsoft isn't immune to struggles in the technology sector, it still held up much better than Apple since it only fell 9 percent compared to Apple's 25 percent, as pointed out by Bloomberg. "It is not bullish when the biggest stock in the world is in "falling knife" mode", he wrote to clients on Monday.

But a lot has happened since then as the stock market suffered through Red October, one of its worst months since the financial crisis, with the Nasdaq Composite shedding more than 12%.

Based on Apple's Friday close, an 18 per cent drop would give it a market cap of about US$670 billion.

Other reports by

Discuss This Article