Finally, Microsoft has taken over Apple to become the most valuable American company.
The movement has been in development since Apple overdated the $ 1 trillion valuation barrier back in August. Slowly, the company's market value has decreased to within reach of Microsoft to take over Apple, and it took advantage of the opportunity Monday, 26 November.
Microsoft has now reached a market value of around $ 812 billion, which puts Apple out of $ 1 billion. Two contributing factors for Apple's precipitation decline have been fear of lowering iPhones sales and a tough month the stock market experienced in October.
When Apple went down, Microsoft managed to stabilize the ship and is now the most valuable American company. It should have the title, because as Apple showed, it can change quickly.
The last time Microsoft's market coverage matched Apple's back in mid 201