Apple is no longer the US’s most valuable company: that title has been scooped by Microsoft.
By the close of trading on Friday (30 November), Microsoft’s shares were trading at $110.89, giving it market capitalisation of $851,2-billion.
Meanwhile, Apple shares contracted to $178.58, giving it a market value of $847,4-billion.
This compares to the $222.22 per share which Apple started the month at – with a market capitalisation of $1,05-trillion.
By contrast, Microsoft’s shares rose by almost 4% during the month, buoyed up by its growth in the cloud market.