Microsoft pipped Apple to become the most valuable company, this happened after 15 year interval.
The software giant ended Friday with a market value of more than $851bn compared with Apple’s $847bn. The iPhone maker has seen its share price plunge in recent weeks, finally lost its lead.
Apple’s shares have fallen almost 25% since October, the fall has been steeper after the poor sale projection of the newer iPhones. The company might suffer majorly as the US-China tariff war escalates.
In terms of revenue and profits Apple will still remain the leader.
What turned around for Microsoft?
Microsoft owes much to the decline of its two main rivals Apple and Amazon. It’s almost like a second chance and Satya Nadella definitely would know the importance of this feat.