Microsoft surpasses Apple to becomes world’s most valuable company

Microsoft surpasses Apple to becomes world’s most valuable company

Microsoft's market cap value temporarily grew past that of Apple's yesterday, making the tech giant from Redmond the most valuable company in the world.

In contrast to Apple, Microsoft has seen a resurgence in its fortunes, as the company reworked its strategy following a leadership change four years ago.

Meanwhile, analysts are also anxious about potential impact on the firm from the US-China trade war, with the Trump administration not ruling out the possibility of tariffs being imposed on Apple's made-in-China products.

The main reason why Apple quickly lost its status this month of November is the steady decline of its market cap due to growing concerns over the weak sales of its new iPhones and following the company's decision to no longer disclose the unit sales of its iPhones, iPads and Mac devices.

Microsoft came within $3 billion of surpassing Apple, which has been the U.S.'s most valuable company since 2010, Reuters reported.

Microsoft became a contender again in large part because Apple's stock has fallen 25 percent since early October, while Microsoft hasn't done any worse than the rest of the stock market.

Arsenal's UEFA Europa League clash moved to Kiev
Vorskla vice president Oleh Lysak says the club hasn't received confirmation from the Olympic Stadium that it will host the game. Lysak said "the Olympic Stadium has not given us any kind of confirmation or any other kind of answer".

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 shares are down 8% from their September close at about $105 each.

Global demand for smartphones has slowed in recent years, making it more hard for Apple to increase its revenue.

Some other companies that are considered worth the most include Amazon, Google parent company Alphabet, conglomerate Berkshire Hathaway, Facebook, JP Morgan Chase, and Johnson and Johnson.

According to Refinitiv data, 33 analysts recommend to purchase Microsoft's stock, only one had a negative rating and another had neutral rating.

Compared with Apple which is mainly consumer-focused, Microsoft now rides cross-platform technologies, cloud and artificial intelligence for enterprises.

Related Articles

  • Google Fi now available for iPhones, Samsung and OnePlus phones

    Google Fi now available for iPhones, Samsung and OnePlus phones

    Speaking of which, Google is ringing in the Fi relaunch with two travel-themed promotions, both of which run for today only. What's more, iPhone users will now be able to sign up for service with Project Fi thanks to a new iOS app currently in beta.
    Kartarpur opening will not lead to bilateral dialogue, says Sushma Swaraj

    Kartarpur opening will not lead to bilateral dialogue, says Sushma Swaraj

    Swaraj, who is campaigning here ahead of the Telangana elections on December 7, was addressing a press conference. A Pakistan minister said that if the country gets more hugs from Sidhu, many problems will be solved.
    Luke Shaw admits tough love from Jose Mourinho has helped him flourish

    Luke Shaw admits tough love from Jose Mourinho has helped him flourish

    Mourinho would rather the focus be on the players he selected and not those he left out. We know what he's won". "We are a team, we are together, and give everything too".
  • Nancy Pelosi nominated by Democrats to be next House speaker

    Nancy Pelosi nominated by Democrats to be next House speaker

    Joe Cunningham of SC and Abigail Spanberger of Virginia are among those who said they'd vote against Pelosi on the House floor. Hakeem Jeffries was elected as Democratic caucus chairman, after running against fellow Congressional Black Caucus member Rep.
    Investigators say crashed Lion Air jetliner 'not airworthy'

    Investigators say crashed Lion Air jetliner 'not airworthy'

    The plane's cockpit voice recorder, which would provide more information about what happened in the cockpit, has yet to be found. Crash investigators will attempt to reconstruct the crash at a Boeing facility in Chicago.
    Mississippi: Sen. Cindy Hyde-Smith defeats Mike Espy

    Mississippi: Sen. Cindy Hyde-Smith defeats Mike Espy

    She is the first woman to hold a Senate seat in the state - and is now the first woman elected to the Senate in Mississippi. The GOP lost control of the House, where Democrats will assume the majority in January.
  • Salah taunts Ramos with his goal celebration?

    Salah taunts Ramos with his goal celebration?

    The Liverpool FC defence conceded five times in 12 Premier League games before their win at Watford on Saturday. It would have been very harsh and I think the referee made the right call.
    Apple At The Supreme Court

    Apple At The Supreme Court

    Representing consumers, lawyer David Frederick said the monopoly Apple has over iPhone apps is unique in the digital age. Such a move would certainly compromise the security of iPhones and iPads though.
    Gamer arrested after alleged rape of teen overheard on Playstation

    Gamer arrested after alleged rape of teen overheard on Playstation

    The witness told police that Fabian left his microphone on during the alleged assault so he was able to hear what was happening. The arrest occurred after a five-month wait for the results of a DNA test, according to the Tampa Bay Times .
  • Russia RAMPS UP anti-aircraft systems on annexed Crimea

    Russia RAMPS UP anti-aircraft systems on annexed Crimea

    Ukrainian President Petro Poroshenko warned that his country was under threat of full-scale war with Russian Federation . Trump had been expected to meet with Putin on the sidelines of the G20 economic summit in Argentina this weekend.
    Storm Diana weather warning for Cumbria extended

    Storm Diana weather warning for Cumbria extended

    Some rain showers are forecast for Tuesday, but the more severe wet and windy weather will push in from the south west tomorrow. Winds will also turn northwesterly across Northern Ireland later, transferring the main focus to northern areas here.
    Mooove over Michael Jordan: The tall steer making headlines

    Mooove over Michael Jordan: The tall steer making headlines

    Bellino stands 6 feet and 7 inches. "I wouldn't be able to put it through a processing facility", he said. If he wants to go for a walk, they follow, if he wants to sit down, they wait around for him to get up'.