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Apple falls to third place behind Microsoft, Amazon in market cap

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 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%.

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