At the end of last week, the shares of Apple [$AAPL] set a new record during the NASDAQ trading session and closed the day at a value that made the company tie with Microsoft [$MSFT] market value.
The two continued to fight here and there for the past few days, but it was only yesterday (10/18) that Apple, after many months, actually surpassed Microsoft and recovered the post of most valuable publicly traded company in the world.
The $ AAPL closed the week at $ 236.41, up 0.48% from Thursday’s close; meanwhile, the $ MSFT fell 1.63% and closed the day at $ 137.41. With that, the market caps of both were respectively the $ 1.068 trillion and $ 1.049 trillion. The difference is not great, but the symbolism is what counts here.
Meanwhile, Amazon [$AMZN], which came to hold this crown for a while, is now worth $ 869.4 billion and could soon be overtaken by Alphabet [$GOOG], owner of Google, which has a market value of $ 864 billion.
Apparently, better-than-expected market reception by the new iPhones has excited Wall Street analysts / investors. But Microsoft is also in an excellent phase, so the fight between them for this position will certainly last.