"For the first time this year, Apple Inc. released its crown as the world's most valuable listed company Monday, at least for a part of the trading day," reports Ryan Vlastelica for Bloomberg.
"Shares in the iPhone manufacturer have fallen sharply in recent weeks, and the decline has wiped around $ 300 billion in market value from the company, claiming a record of $ 1.1 billion in early October," said Vlastelica. "The decline finally took over the company's market value during Microsoft Corps Monday, the first time in more than eight years that Microsoft was worth more of this metric. It was also the first time since 201
" Apple's market cover fluctuates around $ 823.66 billion from 3:15 pm in New York, while Microsoft stood at $ 823.90 billion, although the two used a lot on Monday afternoon jockeying for top seats in intraday action, "reports Vlastelica." While Apple analysts see the transition to a business model based more on services than unit sales, there may be more pain for the stock, which can destroy it from number one place in a more decisive way. "
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MacDailyNews Take: iPhone device sales are worth $ 300 billion. Good to know. It also tells you all about how the stock market allocates value.
] BTW, Apple today closed $ 2.33 (+ 1.35%) at $ 174.62 with a market capitalization of $ 828,642 billion. Microsoft's close market value: $ 817.287 billion.
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