NewsBreak: Apple Is Once Again World's Most Valuable Company By Investing.com

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NewsBreak: Apple Is Once Again World's Most Valuable Company

Published Oct 14, 2019 02:40PM ET Updated Oct 14, 2019 02:47PM ET

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NewsBreak: Apple Is Once Again World's Most Valuable Company

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Investing.com – Apple (NASDAQ:AAPL) is once again the world's most value company, ahead of Microsoft (NASDAQ:MSFT), as shares rose Monday.

Apple (NASDAQ:AAPL), up 0.14%, had a market capitalization of $1.069 trillion, overtaking Microsoft's market cap of $1.068 trillion. Microsoft (NASDAQ:MSFT) was up 0.15%.

Apple (NASDAQ:AAPL) was the world's most valuable company until the fourth-quarter 2018 slump knocked its stock price down 30% amid worries about slumping sales of its iPhone, by far its biggest revenue source.

The shares are up 50% this year, thanks to big gains in the first and third quarters and a 5.7% gain so far this month. The gains have been fueled by the positive reception of its newest iPhone models and strong results from other products, including its Apple (NASDAQ:AAPL) store. It's also planning to start a streaming service.

Microsoft (NASDAQ:MSFT) is up nearly 38% this year, building on the success of its cloud-computing offerings and related back-office software, its Surface family of notebooks and tablets and the popularity of its Office programs.

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Comments (1)

Paulius Matiusovas Oct 14, 2019 2:58PM ET

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thank you buybacks !

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