New king on the block: Microsoft beats Apple as world's most
Apple has lost its crown as the globe's most valuable public
company to Microsoft this week after the iPhone-making giant's
shares dropped 2%.
Apple's shares fell 1.8% on Friday, ending the trading session
at $149.80 apiece. The company's market capitalization dropped
to $2.48 trillion. Microsoft shares, however, showed 2.2%
gains, reaching a record high of $331.62 per share, which
propelled its market capitalization to roughly $2.49 trillion.
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