Microsoft has overtaken Apple in market cap value for the first time in eight years. Microsoft briefly reached a market cap value of $812.93 billion today, followed by Apple at a market cap of $812.60 billion. It made Microsoft the world’s most valuable company, even if it was only a temporary title. Microsoft and Apple are now trading back and forth for the title.
Apple first passed Microsoft back in 2010, with The New York Times describing the moment as “the end of an era and the beginning of the next one.” While Apple’s stock has seen phenomenal growth over the past five years, culminating in a $1 trillion valuation earlier this year, investors are concerned about iPhone sales which still make up nearly 60 percent of Apple’s entire...
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