Wired Africa

Wall Street: Apple is no longer the biggest company in the world

With a few billion dollars in value, Microsoft has just passed Apple on Wall Street to occupy the most expensive private company chair in the world. Yesterday Monday, Microsoft had succeeded in briefly dethroning Apple. At the close of the New York Stock Exchange, Apple’s market value was $828.6 billion compared to $817.3 billion for Microsoft, according to AFP.

Thanks to a sharp rise in the share price on Monday, the company founded by Bill Gates briefly took over Apple during the session, for the first time in eight years. In May 2010, Apple was indeed ahead of Microsoft in terms of market capitalization.

Apple quickly outperformed its competitor yesterday, thanks to a rise in its share price.

However, the pressure is increasing on Apple. After seeing its stock market value exceed the unprecedented $1 trillion mark last August, Apple lost more than 25% of its value due to persistent concerns about the slow-down in sales of its latest iPhone, introduced in September.

Satya Nadella’s group was until recently ranked fourth in the world of companies with the highest market capitalization. And this behind Amazon and Alphabet, the parent company of Google, and Apple.

Amine Benkeroum

A 26 yo geek from Morocco, who loves innovation, startups, new technologies and meet smart people to improve my skills and build new technologies.

Web developer, with +2 years experience in web development for big European companies, founder of Wired.Africa.

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