Microsoft Edges lefts Apple Behind and Becomes World's most valuable Company

 Microsoft market capitalization at $2.49 trillion that is marginally more than Apple's current. Apple ended its fourth fiscal quarter with 16.4 billion shares. Microsoft on Tuesday (26-10-2021) forecast a strong end to the calendar year.

Microsoft's stock has surged 49% this year.

With that, Apple lost its crown as the most valuable public company in the world to Microsoft on Friday (29-10-2021), as the iPhone maker's share fell about 2%.Apple took a $6 Billion hit to its sales during the fourth fiscal quarter due to persistent global supply chain problems.

Tim Cook Views about Microsoft

Moreover Time Cook (CEO of Apple) said that the impact will be even worse in the current holiday sales quarter, Apple's shares dropped 1.8 percent to end the session at $149.80, giving the Company a market Capitalization of $2.48trillion. By Contrast Shares Of Windows Software maker Microsoft rose 2.2 percent to a record high of $331.62, ending the session with a market capitalization of $2.49 trillion.

Apple Which has repurchased $421.7 billion worth of shares over the years, had announced a massive $90 billion share buyback in April. As a result, the Outstanding stock pool keeps shrinking, and the Company ended its fiscal fourth quarter with 16.4 billion shares.

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