Microsoft takes over the top spot from Apple and this time they stay there for good.
Microsoft has a share count of 7,676,218,736 as of October 19 at $110.89 per share.
In comparison to Microsoft, Apple has 4,745,398,000 shares as of October 26 at $178.58 per share.
It is expected for Microsoft to stay on top as the most valuable company for a while, given with the recent issues Apple is facing such as the tariff President Donald Trump has been implying throughout the year of 2018.
Apple’s stock, unfortunately, fell by nearly 20 percent in November, this largely attributes to the sudden rise to the top my MS.
And in any case, if Microsoft does stay on top until the end of the year, it would mark the second time Microsoft would close out in the top position since 2002
Given that Apple eclipsed a trillion dollar market capitalization last August, they have hit a historic valuation. Though Amazon crossed the trillion dollar limit during intraday trading a month later, they have never closed trading above the limit.
You may also see: Patrick Byrne to sell retail arm of Overstock to focus on Crypto