Microsoft Briefly Surpassed Apple to Become Most Valuable Company in the US

Microsoft Briefly Surpassed Apple to Become Most Valuable Company in the US

Microsoft shares rose more than 3 percent as US markets and large cap tech stocks shook off recent losses.

The rise of cloud computing changed Microsoft's fortunes about five years ago. Shares have fallen more than 25 per cent from record levels.

Apple obviously was in no mood to lose it again to Microsoft but as its iPhone sales were not as par with the expectation, the tech giant finally met the defeat by slipping one position in the list of the top US-based company. Microsoft's current shares are around $106.25, while Apple still outpaces Microsoft in this area at $172.93. Its smartphone business has slowed down due to a very complicated list of factors but has tried to compensate revenue by raising the retail price of iPhones every year while also focusing on selling subscription based services like iCloud and Apple Music.

Some other companies that are considered worth the most include Amazon, Google parent company Alphabet, conglomerate Berkshire Hathaway, Facebook, JP Morgan Chase, and Johnson and Johnson.

Nintendo's Black Friday & Cyber Monday Sales Top $250 Million
As far as lifetime sales are concerned, the Switch has reached more than 8.2 million sales since its launch a year ago . In total , U.S. hardware sales for Thanksgiving through Cyber Monday increased 45% over the same period in 2017.

Being less reliant on consumer demand helped shield Microsoft from holiday season turbulence and U.S.

Part of the pre-market weakness came after President Donald Trump late Monday suggested in comments to the Wall Street Journal that 10 percent tariffs could be placed on mobile phones and laptops made in China, which would be another blow for Chief Executive Officer Tim Cook.

Meanwhile, analysts are also anxious about potential impact on the firm from the US-China trade war, with the Trump administration not ruling out the possibility of tariffs being imposed on Apple's made-in-China products.

Apple's decision to stop reporting iPhone unit sales was a notably unpopular move among investors and prompted fear of a sales slowdown. That's partly because with fewer innovations from previous models, more people choose to hold on to the devices for longer periods before upgrading.

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