Apple no longer most valuable company. The new leader — Microsoft

For the first time in 8 years Microsoft managed to beat Apple and become the most expensive public company with a market capitalization of $753 billion.

For the first time in 8 years Microsoft managed to beat Apple and become the most expensive public company with a market capitalization of $753 billion.

Looks like Apple went the black bar: the new iPhone do not enjoy rabid demand, so the production had to be reduced, and in the beginning of the month, she lost the status of the company valued at $ 1 trillion. Now Apple has ceased to be the most expensive public company.
What happens on the stock exchange

The company’s shares in recent days has dropped to $172, which is almost a quarter less than only a few weeks ago. As a result, market capitalization of Apple, the company fell to $747 billion.
The new leader

But first place went to Microsoft with a market capitalization of $753 billion. Since 2010, she could not “move” the Apple on the bottom row, and finally she succeeded.

However, still note that the decline observed in many (and Microsoft in particular), only Apple is more rapid. Therefore, the superiority of Microsoft is still quite shaky.

Further in the back breathe Amazon and Google, whose $737 $726 billion and the third and fourth place respectively.

Source: BGR

Photo: Bidnessetc
For those who want to know more:

The analyst lowered the forecast of annual iPhone sales XR 30 million
More than $30 billion: Alibaba broke the record for sales in a boutique
Apple did not increase the production of iPhone XR due to low demand
Apple will no longer report the sales figures of iPhone, iPad and Mac
Change of plans: Huawei plans to lead the smartphone market in 2020