Apple reached a milestone earlier this year when it became the only trillion dollar publicly traded company, but in November it lost that title.
And now, according to a report from Business Insider, it looks like Apple is no longer the most valuable company in the United States. The report indicates that Microsoft has taken that particular title, with a market capitalization of approximately $814 billion. Apple’s slide has been a steady one, with share prices declining from that record-setting high over the last several months.
Things took a bit of a dive most recently, however, when Apple announced that it would no longer be announcing the sales figures for its iPhone, Mac, and iPad lineups. That particular announcement was made during the earnings call for the company’s fourth fiscal quarter (which was a major success in its own right), and share prices started sliding almost immediately afterwards.
Now, Microsoft is the most valuable U.S. company. It got there with the strong position its cloud business is in, with elements like Azure leading the way. However, strong PC sales also played a big part of Microsoft’s surge in the market. This is the first time that Microsoft’s market cap has matched Apple’s since 2010. Almost a decade later and Microsoft is still climbing.
It is worth noting here that these “titles” are always in flux. Apple will more than likely regain that most valuable company position soon enough, and the two companies will go back-and-forth for quite some time. Will Apple be able to jump to a definitive lead in 2019? That would take some major changes to iOS and or its hardware lineups, so it will be interesting to see what the company has in store for us next year.
[via Business Insider]Like this post? Share it!