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.

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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.

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