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.

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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.

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