{"id":4976,"date":"2018-12-01T01:57:29","date_gmt":"2018-12-01T01:57:29","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/microsoft-beats-apple-for-biggest-market-value\/"},"modified":"2018-12-01T01:57:29","modified_gmt":"2018-12-01T01:57:29","slug":"microsoft-beats-apple-for-biggest-market-value","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/microsoft-beats-apple-for-biggest-market-value\/","title":{"rendered":"Microsoft beats Apple for biggest market value"},"content":{"rendered":"\n
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\"MicrosoftImage copyright<\/span>
\n Reuters<\/span><\/p>\n

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Image caption<\/span>
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\n Bill Gates founded Microsoft. The firm’s fortunes have rebounded in recent years
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Microsoft has unseated Apple to rank as the world’s most valuable listed company, reclaiming the number one spot after more than 15 years.<\/p>\n

The software giant ended Friday with a market value of more than $851bn (\u00a3668bn) compared with Apple’s $847bn.<\/p>\n

The two firms have been vying for top place all week, with Apple remaining ahead at the end of each trading day.<\/p>\n

But the iPhone maker, which has seen its share price plunge in recent weeks, finally lost its lead.<\/p>\n

On Friday, Microsoft shares gained more than 0.6% to close at $100.89, while Apple shares finished at $178.60, down about 0.5%.<\/p>\n

Apple’s shares have fallen almost 25% since October – more steeply than the market overall – amid concerns about slowing smart phone demand and the possibility of additional US tariffs on Chinese-made goods.<\/p>\n

The sell-off has erased more than $200bn from the firm’s market value, which is calculated by multiplying the share price by the number of traded shares cited in the firms’ most recent quarterly reports. <\/p>\n