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Prior to this week, it was more than eight years since Apple's market capitalization (AAPL) (market capitalization or valuation) was lower than that of its long-time competitor, Microsoft (MSFT). This is what happened more recently last Monday, as the stock prices of the two tech giants have diverged even more than in the last few weeks.
The Apple stock price plummeted this month due to a noticeable drop in sales and demand outlook for its flagship products, particularly the iPhone. Meanwhile, Microsoft stocks have remained much more stable in the face of continued market volatility. The chart below shows the current price and the cumulative performance of the two stocks. MSFT has jumped more than 27% this year, while AAPL is only 4% higher at midday on Wednesday, November 28th.
After Microsoft briefly beat Apple on Monday, Apple's badessment has again picked up a slight dominance, but they have been neck and neck since then. At present, on Wednesday, November 28, AAPL has only a $ 2 billion market capitalization over that of MSFT, which is virtually a round-off error.
What could this mean for the endless rivalry between Microsoft and Apple? It was not until August that Apple reached its highly valued market capitalization of $ 1 trillion, and in October, its peak modestly exceeded the $ 1.1 trillion. Since then, he has lost nearly $ 300 billion in market value. At this rate, Microsoft seems ready to badume the crown of Apple as the next $ 1 trillion group.
Source: TradingView
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