Microsoft's stock market value catches up with Apple

Microsoft's stock market value catches up with Apple

Microsoft's stock market value catches up with Apple

FBN's Kristina Partsinevelos on the state of the markets.

Microsoft surpassed Apple as the most valuable USA company.

Near 1800 GMT, Microsoft hit an overall market capitalization of $812.9 billion, just ahead of Apple's $812.6 billion, according to Bloomberg News. Apple shares pared early declines to finish 1.35 percent higher.

Instead, it's likely that Apple's recent struggles with low demand for its latest iPhones are what caused the company's stock - and thus, its market cap - to slide.

Apple shares have fallen more than 20 percent since the company reported earnings on November 1. Microsoft came within $3 billion of surpassing Apple, which has been the U.S.'s most valuable company since 2010, Reuters reported.


But Apple has suffered more than other Silicon Valley stalwarts, down 23 per cent since it warned on November 1 that sales for the crucial holiday quarter would likely miss Wall Street expectations.

Apple's market valuation of $812.60 billion dipped below Microsoft's $812.93 billion as of 1.05pm in NY, meaning it had shed about $300 billion in value after cresting a record $1.1 trillion valuation in early October.

Weaker results from several iPhone parts makers in recent days have stoked concerns that demand for Apple's flagship smartphone is slowing.

For a few minutes on Monday, Microsoft beat Apple to become the publicly traded company.

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