FILE- In this May 7, 2018, file photo Microsoft CEO Satya Nadella looks on during a video as he delivers the keynote address at Build, the company's annual conference for software developers in Seattle. Microsoft is threatening to overtake Apple as the world’s most valuable publicly traded company. The market closed Tuesday, Nov. 27, with Microsoft just behind Apple. (AP Photo/Elaine Thompson, File)
Microsoft Corp surpassed Apple Inc to become the world’s most valuable publicly traded company. All it took was a US$300bil (RM1.25tril) rout.
After briefly claiming the top spot on Monday, Microsoft shares rose 0.6% Nov 27, pushing the company’s market value to US$828.1bil (RM3.47tril) at the close. That exceeded by more than US$1bil (RM4.19bil) the value of Apple, which has tumbled this month on concern about iPhone unit sales. The last time Microsoft’s market capitalisation was bigger than Apple was in 2010, according to data compiled by Bloomberg.
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