Microsoft Passes Apple to Become Most Valuable U.S. Company

Microsoft today surpassed Apple to become the world's most valuable publicly traded company as a result of Apple's continually declining share price, reports Business Insider.

Microsoft has reached a market capitalization of approximately $814 billion, while Apple's is now slightly less.

microsoftapple
Apple earlier this year became the world's only trillion dollar publicly traded company, but it lost that status in November and its market cap has steadily declined since then over concerns of weak iPhone sales and its announcement that it will no longer share iPhone, iPad, and Mac sales on a unit basis.

According to Bloomberg, Microsoft's market cap has not previously matched Apple's since mid-2010, eight years ago.

Microsoft's growing cloud business and strong PC sales made Microsoft one of the few tech companies to grow in value following its September quarter earnings results. Apple's valuation, meanwhile, has fallen more than 20 percent since its own earnings results.

Microsoft shares hit a high of $105.94 in intra-day trading, while Apple's have dropped to a low of $170.27. As stock prices fluctuate, Microsoft and Apple are now competing for the most valuable company title with the lead company shifting back and forth.

Top Rated Comments

1050792 Avatar
30 months ago
Good. The sooner Apple hits the ground with their insane pricing practices, the sooner we get better products at lower prices.
Score: 165 Votes (Like | Disagree)
smallcoffee Avatar
30 months ago
Well this is what happens when you focus on profits over people and you lose focus. The product lineup is overly expensive and confusing. The Macbook weighs less than the MacBook Air? C'mon. You don't sell the Timecapsule anymore because you don't update it and then say that it's not updated enough?
Score: 127 Votes (Like | Disagree)
Aluminum213 Avatar
30 months ago
Apple hasn’t been “Apple” since Steve Jobs died
Score: 114 Votes (Like | Disagree)
Enclavean Avatar
30 months ago
Incoming price increase to make up the gap!
Score: 112 Votes (Like | Disagree)
MacFather Avatar
30 months ago
Deleted.
Score: 91 Votes (Like | Disagree)
BigDO Avatar
30 months ago
Will there be a watch band edition to commemorate this occasion?
Score: 75 Votes (Like | Disagree)

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