Microsoft has displaced Apple from the position of the most valuable company

Apple is no longer the most valuable company on the planet in terms of market cap. On

this week the iPhone manufacturer has overtaken anotherthe giant of the IT industry is Microsoft. Despite the recent introduction of new products, Apple has lost its leading position in the ranking of the most valuable companies in the world.

The change of king of the hill took place on October 29, when Redmond overtook the corporation from Cupertino during the stock exchange. The latter registered a drop in its securities by almost 2%.

In particular, Apple shares fell 1.8% to $ 149.80at the end of the day. This means that the market capitalization was 2.48 trillion. dollars. Meanwhile, Microsoft shares added 2.2%, reaching a record high of $ 331.62 per share and a market capitalization of $ 2.49 trillion.

As the reason for the rise in the value of sharesMicrosoft has been named for a number of factors. The main one, according to experts, is the record financial results for the last quarter. However, Armenia has nothing to do with it.

Source: reuters

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