Who's the most valuable of them all: Apple may lose crown to Microsoft Both companies' market capitalizations were calculated using outstanding shares reported in their most recent 10-Q filings.
Who's the most valuable of them all: Apple may lose crown to Microsoft on Business Standard. Both companies' market capitalizations were calculated using outstanding shares reported in their most recent 10-Q filings.
International News
» Just four months after Apple Inc breached the
$1 trillion mark, the iPhone maker has lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp .
Apple shares fell 1.77 percent in extended trade after U.S. President Donald Trump told The Wall Street Journal that tariffs could be placed on laptops and mobile phones imported from China. The loss wiped out the 1.35 percent gain during the official trading session and put Apple's stock market value at $814 billion. Microsoft shares dipped 0.35 percent after-hours to $106.10, putting its market capitalisation also at $814 billion. Microsoft had rallied by more than 3 percent during Monday's official trading session, when the market notched broad gains.
Most Valuable Companies Both companies' market capitalizations were calculated using outstanding shares reported in their most recent 10-Q filings. Trading after the bell is often volatile and lacks the volume typically seen in official trading sessions. Technology shares have been punished in recent months on investor worries about rising interest rates and fallout from the trade conflict between the United States and China. But Apple has suffered more than other Silicon Valley stalwarts, down 23 percent since the iPhone maker warned on Nov. 1 that sales for the crucial holiday quarter would likely miss Wall Street expectations.
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Apple Vs Microsoft News Source : BS & Business Standard