Apple Inc. once again lost its position as the most valuable U.S. company to Microsoft Corp. , after its shares fell 1.1% in Thursday's session amid renewed fears about China tensions and weak iPhone demand. The company finished Thursday's session with a market cap of $829 billion, behind Microsoft at $838.3 billion and Amazon.com Inc. at $830.9 billion. Microsoft shares rose 0.6% in Thursday trading and Amazon's stock gained 1.9%. Apple shares have gained just 3% so far this year, while Amazon's stock has risen 45% and Microsoft's has gained 27%.
3 other references
Latest Stories From Referenced Companies
May 22, 2019