“Microsoft, which on Friday closed above Apple’s market capitalization for the first time in eight years, was up 0.9 percent, leaving its stock market value at $859.0 billion, third in the group,” Randewich reports. “Apple in August became the first U.S. publicly-listed company to reach a $1 trillion market capitalization, but its share price has fallen sharply in recent months as investors worried that demand for iPhones was losing steam.”
Read more in the full article here.
MacDailyNews Take: The only “investors” who are worried that demand for iPhones is losing steam are those who are led by the nose by so-called analysts who are in the midst of pitching a $300+ billion hissy fit over losing their precious-yet-ultimately-meaningless iPhone unit sales numbers.
Smart investors are accumulating during this deep discount sale.
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