Thursday , November 26 2020

Microsoft has overtaken Apple to become the most valuable company in the world

Apple has slipped against the backdrop of growing concern that the company is seeing a weak demand for the iPhone, far from its largest product line. Shares fell more than 25% from record levels. While Microsoft is not immune to the weaknesses in the technology sector, it has stayed much better, dropping only 9% of its own high level.


At the end of the afternoon trading, Apple returned first, and the shares – up to 0.5%. Microsoft is 2.9% higher as technology shares gave Wall Street a big boost.

In August, Apple became America's first US American quarterly US producer, and the Asian market joined a month later, and Amazon stocks also declined.

According to Rich Rog, a technical analyst at Evercore ISI, Apple shares "have another 18% drop", which could result in a stock of up to $ 140.

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