Microsoft’s market value crosses Apple’s

For the 1st time in 8 years,Microsoft’s stock market value closed ahead of Apple Inc’s. Microsoft shares rose 0.6 % at $110.89 making its market capitalization $851.2 billion where Apple’s share value dropped 0.5% to $178.58 which brings its market value to $847.4 billion. Reasons for Microsoft’s rise was assumed to be growth in cloud computing and Apple’s decline could be traced back to investors’ concern about iPhone demand.

Elvis Gomes