The American technology giant Microsoft, Apple’s market value for 8 years after the most valuable company in the world was destroyed, was again.
Microsoft shares on the New York Stock Exchange rose more than 3 percent on Wednesday to $ 110.99 per share. The total market value of the company reached about $ 850 billion with an increase in shares. Thus, 8 years after the market value of the competing Apple Apple for 845 billion surpasses Microsoft, the most valuable company in the world regained the title.
The fall of Apple’s position as the most valuable company in the world was a decisive factor in the recent decline in demand for iPhones in stocks and fears that trade wars would have a negative impact on supply. Shares of the company fell by more than 20 percent over the past three months to $ 171 per share.