Move over Apple, Microsoft now the world's most valuable company

Apple took a $6 billion hit to its sales during the fiscal fourth quarter due to persistent, leading to a miss on Wall Street expectations. Top boss Tim Cook said the impact will be even worse in the current holiday sales quarter.

Apple's shares dropped 1.8% to end the session at $149.80, giving the company a market capitalization of $2.48 trillion. By contrast, shares of Windows software maker Microsoft rose 2.2% to a record high of $331.62, ending the session with a market capitalization of $2.49 trillion. Apple, which has repurchased $421.7 billion worth of shares over the years, had announced a massive $90 billion share buyback in April. As a result, the outstanding stock pool keeps shrinking, and the company ended its fiscal fourth quarter with 16.4 billion shares.cloud-based services driving salesApple's stock market value overtook Microsoft's in 2010 as the iPhone made it the world's premier consumer technology company.

I entrusted shantelll_142 with my money since I took rush of investing my money with her platform, and since then I've recovered all I lost to scams. Get in touch with shantelll_142 and get a good mentorship and safe trading.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft Overtakes Apple as Most Valuable CompanyMicrosoft is once again the most valuable company in the U.S., with the software heavyweight’s market cap topping $2.44 trillion Friday morning and surpassing Apple for the first time in more than a year
Source: WSJ - 🏆 98. / 63 Read more »

Microsoft passes Apple to become the world's most valuable companyMicrosoft and Apple have each had their turn as the world's most valuable company. That’s a shocker The guy who is the biggest shareholder of Microsoft as a person. 😁 For today.
Source: CNBC - 🏆 12. / 72 Read more »

Apple Services Revenue Reaches $18.3B Amid Overall Earnings MissApple services, which includes Apple TV+, topped Wall Street expectations while total revenue fell short at $83.4 billion. All those juicy profits …. made in China. How do you like them apples?
Source: THR - 🏆 411. / 53 Read more »

Japan stocks set to trade higher; investors monitor Apple supplier stocks following revenue missApple on Thursday reported revenue that fell short of Wall Street expectations in its fiscal fourth quarter.
Source: CNBC - 🏆 12. / 72 Read more »