Technology

Microsoft briefly passes Apple to becomes the most valuable company in the world

Due to a dip in Apple’s stocks as a result of US president Donald Trump’s statements regarding the Cupertino giant, Microsoft briefly overtook Apple to become the most valuable company in the world.

The dip in Apple stock came after Donald Trump hinted towards placing more tariffs on Apple products such as iPhones and iPads which are being manufactured in China. After this statement, Apple shares fell more than 1.7 percent, shaving off billions of dollars off of Apple’s market value to bring it down to $814 billion. On the other hand, Microsoft shares also slipped by 0.23 percent, bringing the value of the tech giant to the same as Apple. However, for a brief moment on Monday, Microsoft surpassed Apple to become the most valuable company in the world.

Back in August, Apple became the first company to hit a trillion dollar evaluation, but ever since achieving that landmark, Apple’s stock prices have seen a gradual decline, ultimately losing the coveted trillion dollar valuation and also losing the top spot to Microsoft briefly.

Apple isn’t the only one seeing a notable drop in share prices for the last few months. Due to rising interest rates and United States’ trade war with China, all major US companies have been finding it hard to gain investor confidence. This situation is expected to get worse for Apple as Donald Trump specifically hinted at placing tariffs over Apple products being manufactured in China. Market experts speculate that Apple share prices could significantly fall after news of more tariffs and reports suggesting that Apple’s latest iPhone isn’t selling according to expectations.

Sponsored
Shaoor Munir

I am passionate about technology, hardware and the future of both of them together. Email: shaoor@techjuice.pk

Share
Published by
Shaoor Munir

Recent Posts

Rumors Indicate iPhone 17 May Feature Unconventional Camera Design

Apple is reportedly preparing for a significant design overhaul with its iPhone 17 series, blending…

15 hours ago

First AI-Powered Teacher Launched in Pakistan’s Private School

Karachi: A private school in Karachi has unveiled Pakistan’s first AI-powered teacher, a groundbreaking move…

17 hours ago

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

18 hours ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

18 hours ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

19 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

20 hours ago