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.

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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
แหล่ง: WSJ - 🏆 98. / 63 อ่านเพิ่มเติม »

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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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?
แหล่ง: THR - 🏆 411. / 53 อ่านเพิ่มเติม »

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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »