Apple returns to top spot by market capitalization

Wednesday, 06. February 2019 22:03

The iPhone maker reclaimed the highest valuation on Wednesday in the United States and the world among companies listed on stock exchanges. At the closing bell, Apple Inc.'s market capitalization reached $821.6 billion on a rise of 0.03% to $174.24 per share.

Microsoft Corp., which held the throne for the previous two sessions in end-of-day terms, lost 1.11% to land at $106.03 per share or $813.5 billion in total and slipped to the second place. The software titan's stocks tumbled 1.11% to $106.03. Amazon.com Inc. remained at the third position with $805.7 billion. It was dethroned on February 4.

The benchmark Nasdaq 100 index lost 0.37% for the day after hitting a two-month peak yesterday. It declined 5.93% from the level recorded six months ago, while Apple is down 16.74%. The technology powerhouse led by chief executive Tim Cook achieved a sixth consecutive daily rise to the highest close since December 6. It's market cap finished as second on November 30 after an eight-year lead. The company surged 22.54% since hitting the lowest mark in more than 20 months on January 3 on a closing basis.

Related Links: Apple Inc.Microsoft Corp.Amazon.com Inc.
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Breaking the News / IT