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Microsoft is close to passing Apple and becoming the most valuable US company

Microsoft building
Image Courtesy: CNET

Microsoft is close to overtaking Apple and securing the most
valuable US-based tech company position. Apple which was
the first ever U.S. company to be valued at $1 trillion, is no
longer worth $1 trillion.

Some reports revealed that Apple has lowered production and the
demand for the new iPhone XR was lower than expected
in Japan. The negative press apparently reduced the market
value of Apple by a great extent. In addition, Apple also
revealed that starting with Q1 2019, the Cupertino-based
tech giant will no longer share how many units are sold.

The people familiar with the matter believe that it is an
indication that sales were going to be flat for the foreseeable
future.

As Apple’s market value has dropped, Microsoft is close to
passing Apple and taking back the crown of the most valuable US
company again. On November 23, Microsoft leaped over Apple to
become the most valuable company in the world. However, today
the stats have changed and Apple is once again the most valued
tech giant.

Microsoft has been following its enterprise dream for several
years. The company has been investing in cloud products such as
Azure and Office 365, and this is helping the software maker.

It is, however, worth noting that Apple could recover its
market position and it may once again become most valuable US
tech company. At some point, Microsoft is also expected to
become one of the next companies worth more than $1 trillion.

While Microsoft is expected to grow, it remains to be seen how
much Apple can decline in the coming months.



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