Microsoft's stock market value catches up with Apple

Microsoft's stock market value catches up with Apple

For a few minutes on Monday, Microsoft beat Apple to become the publicly traded company. After this statement, Apple shares fell more than 1.7 percent, shaving off billions of dollars off of Apple's market value to bring it down to $814 billion.

Apple has all but lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft just four months after the iPhone maker breached the $1 trillion mark.

Apple's market capitalisation overtook Microsoft's in 2010 as the maker of Windows software struggled with slow demand for personal computers, due in part to the explosion of smartphones driven by the iPhone. In August, Apple became the first U.S. company with a $1 trillion valuation. Shares of Apple rose 0.9 percent, erasing an earlier decline, while Microsoft climbed 3.2 percent.

Apple has slid amid growing concerns that the company is seeing weak demand for iPhones, by far its biggest product line.

War no option for India and Pakistan, says Imran Khan
The "Kartarpur corridor" will however lead from the Indian border straight to the gurdwara, with the sides fenced off. Thousands of Sikh devotees from India visit Pakistan every year to celebrate the birth anniversary of Guru Nanak.

Vladimir Putin And Saudi Crown Prince Pal Around At G20 Summit
The world's two biggest economies have imposed tariffs on hundreds of billions of dollars of each other's imports. French President Emmanuel Macron was also filmed speaking to the prince on the sidelines of the summit.

Copa Libertadores Final To Be Played Outside Of Argentina
Conmebol could instead force the second leg to be played behind closed doors or transfer the match to a neutral stadium. Football is not what we saw on the weekend.

Earlier this year, Microsoft surpassed Google in market cap value, and then passed Amazon last month as well.

Below is a chart comparing the market caps of Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) going back to 1986.

Apple has been on a staggering trajectory in the decade since the iPhone was released, and in the process made Microsoft look like a technology company of the past. While Microsoft hasn't been immune from weakness in the technology sector, it has held up much better, falling just 9 per cent from its own all-time high.

While Apple analysts see it transitioning to a business model based more on services than unit sales, there could be more pain ahead for the stock, which could dethrone it from the number-one spot in a more decisive fashion. Apple's market cap was slightly less.

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