Microsoft topples Apple as most valued company in the world

Microsoft Corp’s stock market value closed above Apple Inc’s for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand.

Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalisation at $851.2 billion. Apple shares fell 0.5 percent to $178.58 on the day, adding up to a market value of $847.4 billion.

The two stocks jostled for the top spot over the course of the week, with Microsoft’s stock market value exceeding Apple’s at several points in intra-day trading but not at the close.

Both companies’ market capitalisations were calculated using outstanding shares reported in their most recent 10-Q filings.

Apple’s market capitalisation overtook Microsoft’s in 2010 as Microsoft struggled with slow demand for personal computers, due in part to the explosion of smartphones like the iPhone.

After Satya Nadella took over as chief executive in 2014, Microsoft reduced its reliance on Windows software for PCs and became a major player in cloud computing, second only to Amazon.com Inc.

In recent months, technology shares have been punished by investors worried about rising interest rates and the potential consequences of the U.S.-China trade war.

Apple shares are now 19.6 percent lower than on Nov. 1, when the company warned after the regular session that holiday-quarter sales would likely miss Wall Street expectations.

Global demand for smartphones has slowed in recent years.

Thirty-three analysts recommend buying Microsoft’s stock, with just one sell rating and one neutral, according to Refinitiv data.

Twenty-five analysts have positive ratings on Apple, 16 are neutral and none recommend selling, the data show.

Analysts on average expect Microsoft’s revenue to increase 12.7 percent for its fiscal year 2019 ending in June, compared with an estimated 5 percent rise for Apple’s fiscal 2019, which ends in Sept, according to the Refinitiv data.
Share on Google Plus

About Newsmart

1 comments:

  1. AFRO DATE ORG//ADD US ON WHATSAPP +2348107906879
    AFRO DATE AGENCY(08107906879)
    GET CONNECTED TO THE MOST RICHEST SUGAR MUMMIES, SUGAR DADDIES, GAYS & LESBIAN CONNECTION SERVICES BALOGUN JOSEPH... 08107906879
    WE HAVE CONNECTION IN ALL THE STATE IN NIGERIA, GHANA, COTONOU, TOGO, CAMEROUN, IVORY COAST AND SOUTH ffAFRICA, WE ALSO HAVE SERVICES IN BOTH EUROPE AND AMERICAN COUNTRIES SUCH AS USA, UK, GERMANY, BRAZIL, HOLLAND, CANADA, MALAYSIA AND SOME OTHER OVERSEA COUNTRIES, MAXIMUM SECURITY IS GUARANTEE FROM ANY SERVCE WE GIVE TO YOU ,this is a 1st class dating Organisation, registered, licenced, we have top class people, both men and women, boys and girls, looking for opportunity to mingle and be friends, we have high class and rich sugar mummies, sugar daddies and lesbian single ladies and mummies, who are top shots, the likes ofpoliticians, directors, bankers, managers, executives, enterpreneur, oil barons, we have clients outside nigeria in Uk, South Africa, Ghana, Beninrepublic, Dubai, Usa.Metrodate has track records of providing you with the elite money clients in our organisation, peolpe willing to assist you financially, help you in procuring contracts, job Opportunities, business opportunity and even assisting you above your limit, we remain reliable, capable at what we do and we remain the only registered Dating Agency in Nigeria, rated number 1 by google and also awarded by Ovasion magazine and naija entertainment for best coordinated and secure dating agency and the only agency registered on Vconnect in Nigeria, with track records of testimonies on our website and the only agency with a Facebook like page and a personal Facebook with office in Abuja and office in Tamale ghana, we have clientsLagos, Abuja, Calabar, port, Benin, Delta, Ibadan, Kwara, Jos, Kaduna, Osun, Lokoja, Enugu, Anambra, Imo and also in Benue state, we look forward in meeting you at our office and offering you a 1st class reliable service with guaranteed outcome, you are also advised to check us upVanguardonline, Thisday, ekolist, hint, and also on the lagos city magazine, we have qualified hands that can assist you in your request and if you want singles relationship within your age range that might lead to relationship and even marriage its practically free on the website just go and create a free profile for yourself, but if you want our advance services such as sugar mummies and daddies its only for registered members only, we also assist you in getting Fashion jobs, modeling jobs, ushering jobs and also helping you and training you in being a brand ambassador.welcome to LOVE CONNECT SUGAR MUMMY AGENCY were your dreams can be realised, and heaven help those who help themselvesStart calling its your chance dial 08107906879 - for Nigerians onlyinternational calls only +2348107906879,Facebook id--Balogun Kunle Joseph
    Official Websites--www.theloveconnections.com
    Official Magazine---loveconnection Magazine
    Mobile Phone NUmber--08107906879
    Afro Date Service Team. 2019. All rights reserved

    ReplyDelete