New king on the block: Microsoft beats Apple as world’s most valuable company

Apple’s shares fell 1.on Friday, ending the trading session at $149.80 apiece. The company’s market capitalization dropped to $2.48 trillion. Microsoft shares, however, showed 2.gains, reaching a record high of $331.62 per share, which propelled its market capitalization to roughly $2.49 trillion. Despite posting relatively strong earnings for its fourth fiscal 2021 quarter this week, Apple sales still plunged some $6 billion in the reporting period amid persistent supply chain problems.

Link: New king on the block: Microsoft beats Apple as world’s most valuable company
via http://www.rt.com

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