Apple Overtakes Microsoft, Becomes the Most Valuable Company in the World
Apple has once again become the most valuable company in the world after managing to overtake its long-time rival Microsoft on Wednesday.
As reported by CNBC, Apple ended the trading day with a market capitalization of $821.59 billion, whereas Microsoft dropped to the second place with $813.48 billion.
Amazon, which is often considered the next company to be worth $1 trillion, continues to be the number three in the charts with a market value of $805.70 billion.
Last week, Apple briefly took over the leading spot after its market valuation reached $806.6 billion, only $200 million higher than Microsoft’s. However, the Redmond-based software giant reclaimed the leading spot at the end of the trading day.