“Amazon has eclipsed Microsoft as the most valuable publicly traded company in the U.S. as a see-sawing stock market continues to reshuffle corporate America’s pecking order,” The Associated Press reports.
“The shift occurred Monday after Amazon’s shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader’s market value to $797 billion,” AP reports. “Meanwhile, Microsoft’s stock edged up by less than 1 percent to finish at $102.06, leaving the computer software maker’s value at $784 billion. It marks the first time Amazon has held the top spot and ends Microsoft’s brief return to the pinnacle after it surpassed Apple in late November.”
Amazon “remains 21 percent below its high reached in September when the company’s stock value stood above $1 trillion,” AP reports. “Apple was worth even more back then, but its stock has plunged by 37 percent since early October to erase about $400 billion of its market value.”
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MacDailyNews Take: Congratulations to Amazon and Jeff Bezos. It’s much more realistic that Amazon could be America’s most valuable company than has-been Microsoft.
Anything is more valuable than Microsucks
The most valuable company doesn’t sell out it’s most loyal consumer base by ripping them off as sport for 8-years running, in order to make greedy WS asshats richer.
Tim Cook is finished this time. He just doesn’t know it yet.
Where is everyone on this page about apple being the most valuable company? Then those of us who actually looked at state of Apple and said it would drop were ridiculed.
Amazon has a path forward and all it’s eggs are not in one basket.
Pipeline turned Apple into a one product company and ignored the rest.
How’s that Homekit hobby working out? At some point that will be dropped like a rock as will the Home pod.
They can’t even update their computers on a timely basis and the design really has evolved for many years.