Microsoft Closes In on Apple as World’s Most Valuable Company
The move represents a stunning reversal for the tech titan, which last held top spot in 2003
As Microsoft moves closer to unseating Apple as the world’s most valuable company, the WSJ’s Dan Gallagher looks at the company’s steady rise over the last 10 years. Photo: Associated Press
Microsoft Corp. briefly unseated longtime rival Apple Inc. on Tuesday as the world’s most valuable company, reflecting investors’ faith in its revival under Chief Executive Satya Nadella while the iPhone maker adjusts to slowing momentum for its most profitable product.
Shares in Microsoft opened at $106.27, pushing its market capitalization to $815.75 billion, elbowing past Apple’s opening value of $813.88 billion. After the first minute of trading, Apple was back on top. The two swapped spots several times later in the day...