Apple has become the first big tech firm to reach a market cap of $2 trillion. Since the beginning of the COVID-19 pandemic, Apple has seen a sharp rise in the price of its shares.
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The Cupertino-based giant briefly retook its crown as the most valuable U.S. company in trading today, though Microsoft ultimately won the day with a market capitalisation of $810 billion.
As Apple struggles with disappointing sales for its latest iPhone models, Microsoft today managed to briefly overcome the Cupertino giant to become the world's most valuable company.
Apple may soon become the first company to have the distinction of having a $1 trillion dollar market cap, following an increase in its share prices as a result of impressive Q3 revenues.
For the first time in three years, Microsoft has pulled slightly ahead of Alphabet to become the third highest valued company in the world, coming in at a total market cap of $753 billion.
Recent gains in its share price have propelled the online behemoth to third place in the U.S. economy with respect to market valuation, edging ahead of the Redmond giant by a small margin.
The streaming company, Netflix, has announced that it gained 8.3 million users in the last quarter of 2017. The new flood of users has helped the company increase its market cap to over $100 billion.
After a gap of over 17 years, the Redmond giant has managed to cross the $600 billion mark. Back in 2000, at the peak of the dot-com era, Microsoft had for the first time hit the milestone.
According to Wall Street analyst Brian White, the Cupertino company could, spurred on by the presence of its anniversary 'iPhone 8', reach a market cap of one trillion dollars in the next 12 months.
Amazon's shares have hit a $1,000 value, making its market cap double of Walmart. Jeff Bezos told investors last week that the company doesn't plan to split shares and bring the share value down.
Apple's stock price has hit a new record, closing higher than it ever has before. The company's rosy outlook for the rest of the year and excitement around the rumored new iPhone is driving price.
The company last crossed the mark back in March 2000 when its market cap was a little over $550 billion. It has consistently beaten Wall Street's expectations for seven of the last eight quarters.
An analyst is foreseeing Microsoft to lead the charge of the race towards a trillion-dollar market value, ahead of Apple and Alphabet. Their LinkedIn purchase is predicted to help towards that goal.
Nintendo's shares dropped by more than they have in the last 25 years, because the company put out a press release saying Pokémon GO would only have a limited financial impact.
Microsoft's stock took a nosedive in after hours trading despite its seemingly successful quarterly results. What's got investors in a panic when everything seems to be going well? Windows, of course.
Apple has lost the title of "most valuable company" to Exxon Mobil, as their market capitalization has slipped below that of Exxon for the first time since August 2011 as stock prices continue to fall
It would seem that May 26, 2010 will be forever considered a day of joy for Apple fans. Many see this day as the time when Apple was able to overtake Microsoft, when the underdog...