Microsoft's stock market value pulls ahead of Apple's

Shares of Microsoft jumped 3 per cent, pushing its market capitalisation up to $848 billion

Reuters November 29, 2018
The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, US, October 19,2018. PHOTO: REUTERS

SAN FRANCISCO: Microsoft’s stock market value surpassed Apple’s, pulling ahead by as much as $3 billion on Wednesday as the Windows software maker benefited from optimism about demand for cloud computing services.

Shares of Microsoft jumped 3 per cent, pushing its market capitalisation up to $848 billion. With the broad market rebounding from a recent slump, Apple also rose, but less than Microsoft.

Apple expected to remove 3D touch from new iPhones

Its 2.17 per cent increase put Apple’s market capitalisation at $845 billion, just four months after the iPhone maker breached the $1 trillion mark for the first time.

Microsoft and Apple briefly traded at about the same level after the bell on Monday, but Microsoft’s intraday lead over Apple on Wednesday was more substantial.

Both companies’ market capitalisations were calculated using outstanding shares reported in their most recent 10-Q filings.

Apple goes Max, unveils new iPhones

Apple’s market capitalisation overtook Microsoft’s in 2010 as the Windows seller struggled with slow demand for personal computers, due in part to the explosion of smartphones driven by Apple’s iPhone.

Since then, Microsoft has not ended an official trading session with a stock market value greater than Apple’s.

Facebook Conversations


Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

Load Next Story