The company founded by Steve Jobs returns to be the king of the market after resisting better the bad day on Wall Street.
The former monarch, who reigned for almost a decade the stock market, regained his throne. Apple once again became the most valuable company in the world in the stock market.
How did this happen?
It turns out that the shares of the company led by Tim Cook registered a marginal low of 0.01%, a rise that allows it to achieve a market value of US $ 821 billion.
Microsoft, which until yesterday was the most valuable, suffered a fall of 1.11% on Wall Street with which its market cap fell to US $ 813 billion.
And Amazon, the other in dispute, suffered a fall of 1.22%, dragging its market capitalization to US $ 804 billion.
Apple had lost its place as the most valuable company in the stock market at the hands of Microsoft at the end of November last year after disappointing the market with its low sales of its new line of iPhones that meant to announce to the market that its profits would be lower than forecasts. in the middle of 2018.
The company returned to enthuse the investors after their results of the last quarters were above expectations.
Also published on Medium.