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Microsoft's market value captures Apple



Reuters ) – Just four months after Apple crossed $ 1 trillion, the iPhone manufacturer has lost its leadership as Wall Street's most valuable company and is on the verge of being replaced by Microsoft. [19659002] Apple shares dropped 1.77 percent in expanded trading after US President Donald Trump told The Wall Street Journal that tariffs could be placed on laptops and mobile phones imported from China.

The loss deleted 1.35 percent win in the official trading session and put Apple's stock market value of $ 814 billion.

Microsoft shares dropped 0.35 percent afterwards to $ 106.10 and also set its market value of $ 814 billion. Microsoft had increased more than 3 percent during Monday's official trading season, when the market had high winnings.

Both companies' market values ​​were calculated using outstanding shares reported in their latest 1

0-Q filings.

The trade after the clock is often volatile and lacks the volume usually seen in official trading hours.

Technical stocks have been penalized in recent months on investor concerns about rising interest rates and fallout from the trade dispute between the US and China.

But Apple has suffered more than other Silicon Valley stalwarts, down 23 percent since the iPhone producer announced November 1 that sales for the crucial holiday quota will probably miss Wall Street expectations.

The global demand for smartphones has slowed down in recent years, which makes it harder for Apple to increase its revenue.

Apple's market value took over Microsoft's 2010 producer Win Dows software fought with slow demand for personal computers, partly due to the explosion of smartphones powered by iPhone.

Since Satya took over as CEO in 2014, Microsoft has reduced its confidence in Windows PC software and becomes a Need Three analysts recommend buying Microsoft's stock, while only one has a negative rating and another has a neutral assessment, according to refined data.


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