Microsoft's stock market value catches up with Apple

Andrew Cummings
December 2, 2018

A steep decline in the iPhone maker's share price has left its market capitalization roughly the same as fellow technology bellwether Microsoft Corp. for the first time in more than eight years.

Apple has managed to (mostly) retain its position as the world's most valuable company for quite a while now.

Apple's market capitalization is now roughly $829 billion, while Microsoft closed with a valuation of about $817 billion.


According to the Economic times, Microsoft has surpassed the trade done by Apple to become the most loved company in the last few years.

Apple's market capitalization overtook Microsoft's in 2010 as the maker of Windows software struggled with slow demand for personal computers, due in part to the explosion of smartphones driven by the iPhone. It was also the first time since 2013 that any company topped it, ever since Apple eclipsed Exxon Mobil in size, according to an analysis of Bloomberg data.

Yet now, that very product is among the the challenges facing Apple, with concerns over weak iPhone demand pressuring shares to fall 25 percent from record levels.


There could be more pain ahead for the stock, which could dethrone it from the number-one spot in a more decisive fashion.

The Nasdaq has fallen more than 12 percent since the end of September, with high-flying tech names experiencing big drops. "It is not bullish when the biggest stock in the world is in "falling knife" mode", he wrote to clients on Monday.

Buoyed by a broad rebound in United States stocks on Monday, Microsoft jumped 3.11 per cent to US$106.28, pushing its market capitalisation up to a record US$816 billion at mid-day. While MSFT began to see a pick up in market cap again in the early 2010s, it couldn't keep up with Apple.


Other reports by iNewsToday

FOLLOW OUR NEWSPAPER