Apr 9, 2019

Apple Outpaces Microsoft In Stock Valuations, Now Heading To $1 Trillion Mark

Apple has just recently overtaken Microsoft in terms of Market Capitalization, with the company now has $949.55 billion valuations, and the latter has $920.13 of value. However, sadly, Apple missed a ten-day continuous growth and fell to $199.50 at the end of trading today, ending the consecutive gains.

Apple seeing impressive growth from January to October of 2018, where it hit the $1 trillion target, become the first public trading company to score this milestone. Nevertheless, following reports of falling iPhone sales, the stock fell 33% in the next two months, entered a 52-week low of $149. But now, it seems like the Cupertino based tech-giant would hit that goal again within a few months.

CNBC reported that Wedbush's Daniel Ives believes that Apple's price cut in China has encouraged stock growths. “After a turbulent few months, calm is being restored, with some recent price cuts, demand trends are slowly turning around in this all-important region [China] for Cupertino.”

For further information about Apple stock, including details about valuations, price history, dividends, balance sheet, margins, operating metrics, incoming statement, whether it's time to buy or to sell, and a stock chart widget that shows prices of the stock traded during a certain period, please visit this page.

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