According to experts, Microsoft has become a contender for the title of the world's largest publicly traded company by market capitalization. The company is determined to replace Apple whose level of capitalization exceeded $1 trillion.
Analysts say the iPhone maker has ceased to be the sole leader of Wall Street in terms of market value. Apple shares lost 1.77 percent at the end of the trading session last Monday. It was caused by Donald Trump’s suggestion to place 10 percent tariffs on mobile phones and laptops made in China. As a result, this decline nullified the 1.35-percent growth recorded during the previous trading session. Thus, Apple’s market capitalization sank to $814 billion. Earlier, Wall Street analysts warned of a worsening profit outlook, and since November 1 of this year, Apple shares lost 23 percent.
Microsoft's quotes fell 0.35% after the close of trading to $106.10 per share, while its capitalization reached $814 billion.
For several months, experts have recorded a decline in quotes of leading technology companies. The situation is heated up by investors' concerns regarding the next rise in the Fed's interest rates and the expectation of the negative effects of the trade conflict between the United States and China.
