Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
election commmission
access_time 22 Nov 2024 4:02 AM GMT
Champions Trophy tournament
access_time 21 Nov 2024 5:00 AM GMT
The illness in health care
access_time 20 Nov 2024 5:00 AM GMT
The fire in Manipur should be put out
access_time 21 Nov 2024 9:19 AM GMT
America should also be isolated
access_time 18 Nov 2024 11:57 AM GMT
Munambam Waqf issue decoded
access_time 16 Nov 2024 5:18 PM GMT
DEEP READ
Munambam Waqf issue decoded
access_time 16 Nov 2024 5:18 PM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Foreign espionage in the UK
access_time 22 Oct 2024 8:38 AM GMT
exit_to_app
Homechevron_rightWorldchevron_rightMicrosoft becomes most...

Microsoft becomes most valuable company in the world as Apple shares drop

text_fields
bookmark_border
Microsoft becomes most valuable company in the world as Apple shares drop
cancel

Tech giant Apple saw its shares dip 1.8% on Friday sending Microsoft to the top as most valued company in the world, as shares rose 2.2 percent to a record high of $331.62 (roughly Rs. 24,800), ending the session with a market capitalization of $2.49 trillion compared to Apples $149.80 per share and market capitalization of $2.48 trillion.

The hit to Apple has been described as a side-effect of suply-chain shortages which CEO Tim Cook says will become more evident in the coming holiday season. Unlike it's software-focused FAANG counterparts, Apple was more dependent on hardware and so more vulnerable, he said. Meanwhile Microsoft's stock surged 49%, against Apple's 13%, this year as the pandemic has increased demand for cloud-based software computing services.

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.

Show Full Article
TAGS:MicrosoftShares#AppleEconomyBusinessCompany
Next Story