Frankfurt / San Francisco / Redmond – Only four months after reaching a market value of one trillion dollars, Apple had on Wednesday, the crown of the US stock exchange group that was most valuable to Microsoft. With around 848 billion dollars (749 billion euros) in market capitalization, the software group is about three billion dollars ahead of iPhone makers.
Trump as the reason for descent from Apple
Its shares have declined since the beginning of this month. About 20 percent lost Apple shares, while Microsoft did not lose even half a percent. At present, a statement by Donald Trump has triggered sales. The US president said in a newspaper interview that Apple could also be affected by additional tariffs on China.
Many investors have made cash in technology stocks for weeks. The trigger for the sell-off was not only a US tariff dispute with China, but a warning from Apple CEO Tim Cook, who stated that sales in the important Christmas quarter could be below market expectations.
Microsoft had to hand over the crown of the US stock exchange's most valuable to smartphone manufacturers in 2010. At that time the Windows operating system manufacturers suffered under the declining PC demand. Meanwhile, Microsoft is also in cloud computing right behind the important Amazon player. (APA / Reuters)