Microsoft becomes the most valuable company in the world
The company founded by Bill Gates has a market capitalization of more than 2.44 trillion dollars and regain first place over Apple
Microsoft toppled Apple from top spot on the stock market, becoming the world’s most valued company and regaining its old first place. The company owned by Bill Gates presented last week results above expectations and its price on the stock market was located at 2.44 trillion dollars.
The technology giant presented an increase of 1.6 % on Friday, trading at more than $ 329.5 per share. Shares also outperformed Amazon.com Inc., on “long-term development hopes and expansion in areas such as machine learning and cloud computing.”
For its part, Apple fell to $ 147.10 per share, causing losses of approximately 3.9 %. Its capitalization has decreased to 2.415 trillion, despite the 47 % increase in iPhone sales.
Sales achieved on mobile phones also did not meet the expectations that analysts had, a fact that had not happened since 2017. It is the first time that Apple’s revenues did not meet Wall Street estimates.
During 2021, technology companies have presented a quite dissimilar revaluation. Apple’s return has been quite positive, achieving 11.5 %, but Microsoft is superior, obtaining 48.5 %.
Statistics indicate that “Microsoft is up more than 45 %, while Apple got 11 % and Amazon 1 %.”
It is important to remember that Microsoft had not dethroned Apple since the “first half of 2020, when investors flocked to growth stocks amid the Covid-19 pandemic.”
M. Rodríguez
Source: bancaynegocios
