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Microsoft Unseats Apple As The Worlds Most Valuable Company by PhenomenalMorgan(m): 10:14am On Dec 01, 2018 |
Microsoft has unseated Apple to
rank as the world's most valuable
listed company, reclaiming the
number one spot after more than
15 years. The software giant ended Friday with
a market value of more than $851bn
(£668bn) compared with Apple's
$847bn. The two firms have been vying for top
place all week, with Apple remaining
ahead at the end of each trading day. But the iPhone maker, which has seen
its share price plunge in recent
weeks, finally lost its lead. On Friday, Microsoft shares gained
more than 0.6% to close at $110.89,
while Apple shares finished at
$178.60, down about 0.5%. Apple's shares have fallen almost
25% since October - more steeply
than the market overall - amid
concerns about slowing smart phone
demand and the possibility of
additional US tariffs on Chinese-made goods. The sell-off has erased more than
$200bn from the firm's market value,
which is calculated by multiplying the
share price by the number of traded
shares cited in the firms' most recent
quarterly reports.
By many measures - including annual
revenue and profit - Apple remains
the bigger company. For now, however, investors are
betting that Microsoft's prospects are
brighter. The firm's cloud services unit, which
sells to other businesses, has driven
the firm's growth in recent years. Apple, by contrast, depends on
consumer spending, which investors
are worried could slow. Daniel Ives, managing director of
equity research at Wedbush
Securities, said Microsoft is poised for
significant growth, as more
companies sign up for the firm's cloud
products. Microsoft boss Satya Nadella is well-
positioned to "further transform
[Microsoft] into a cloud behemoth
over the coming years," he wrote in a
research note.
Read more at https://www.bbc.com/news/business-46365239
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Re: Microsoft Unseats Apple As The Worlds Most Valuable Company by PhenomenalMorgan(m): 10:21am On Dec 01, 2018 |
PhenomenalMorgan: By The question here is if apple remains stronger by these factors then which is a better factor to be used in measuring a companies worth- Market capitilization,Revenue or Profit |
(1) (Reply)
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