Overtake! Apple stock values fall Microsoft is number 1 in the market.
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Overtake! Apple stock values fall Microsoft is number 1 in the market.
Apple Inc. has lost itsxo walletposition as the number one public company with the highest stock value in the world. It was replaced by Microsoft Corp, as Apple's share price dropped about 2%.
On Tuesday (Oct. 29), Reuters reported that Apple Inc. achieved sales of $6 billion in the fourth quarter of its fiscal year. Due to ongoing global supply chain problems This missed out on Wall Street's expected targets, said Tim Cook, Apple's chief executive. This effect will be even worse in the current quarter. This is the period that is making sales during the annual festival and long holidays.
Sophie Lund-Yates, securities analyst at Hargreaves Lansdowne, a British financial and investment services firm, said: “Compared to FAANG (American technology conglomerate) popular and growing) with a less hardware-focused Apple is more likely to be impacted by supply chain volatility.”
Apple shares fell 1.8% to close at $149.80, giving the company a market capitalization of $2.48 trillion, while Microsoft shares reversed. It rose 2.2 percent to a record high with a price of $331.62 (about 11,037 baht) and a market capitalization of $2.49 trillion (about 82.8 trillion baht).
Apple, which has a stock repurchase value of $421.7 billion (about 14 trillion baht) in recent years. It announced a massive $90 billion share repurchase in April. As a result, its once-dominant share value has steadily declined, and by the end of its fiscal fourth quarter, Apple also has 16.4 billion shares.
Microsoft's stock is up 49% this year, driven by cloud storage services sales due to the pandemic. Apple shares this year are up just 13%. |
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