Microsoft has caught up to Apple in market valuation

Microsoft Briefly Surpasses Apple to Become Most Valuable Company in the US

Shares of the iPhone maker have dropped sharply over the past several weeks, and the decline has erased about US$300 billion in market capitalisation from the company, which crested at a record US$1.1 trillion valuation in early October.

In after-hours trading, Microsoft shares fell 0.35 percent to $106.10, corresponding its market capitalization to Apple at $814 billion. While Microsoft dominated Apple during the 80s and 90s, Steve Jobs finally one-upped Bill Gates with the release of the iPod and then the iPhone in the mid-2000s.

That bet paid off. Windows is now a dwindling fraction of Microsoft's business. For proof, just take a look at the changing fortunes of Apple and Microsoft in relation to their valuations.

In 2018, when tech companies are caught up in trade wars and foreign election meddling, just going about your business is enough to stand out from the pack.

Microsoft has its own share of problems, given the shrinking PC market as people increasingly opt for mobile devices, but it seems to be working its way around the issues better to find new growth avenues.

General Motors to slash 14,700 jobs in United States and Canada
The plant is used to make the Cadillac XTS and Chevrolet Impala sedans as well as the Chevrolet Silverado and GMC Sierra trucks. She said the firm was making the changes "to get in front of it while the company is strong and while the economy is strong".


Microsoft has continued to face intense pressure from Apple, which reached a record high of more than $1 trillion earlier this year.

While Apple analysts see it transitioning to a business model based more on services than unit sales, there could be more pain ahead for the stock, which could dethrone it from the number-one spot in a more decisive fashion. When he took over in 2014, Nadella said he wanted to focus on its subscription-based businesses and the cloud.

The success prompted many analysts to upgrade their target prices and recommendations on Microsoft stock, providing momentum to the counter.

Microsoft is one of the few technology companies that emerged relatively unscathed from the recent sell-off in tech stocks. Talking about the market value, both companies since the last couple of days were playing catch-up on which various media outlet reported news like Microsoft is in the driving seat, but that did not last long as soon after Microsoft slipped into its original position.

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