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

Published 10/14/2019, 02:40 PM
Updated 10/14/2019, 02:47 PM
© Reuters.

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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