Microsoft has become the most expensive in the high-tech segment. Its capitalization was $ 2.45 trillion, while Apple’s capitalization fell to $ 2.41 trillion.
The rotation took place after the publication of financial statements. Microsoft investors were quite pleased, and those who invested in Apple considered their investments too risky and decided to get rid of part of the shares, which affected the company’s market value.
Apple’s revenue for the past quarter increased by 29% compared to the same period last year, but experts expected it to be even higher. Apple CEO Tim Cook explained that the problems with device sales stem from a shortage of chips and other components in China. Apple shares slipped by about 3.5% and are now trading at $ 147 per share. Microsoft shares, by contrast, rose 1% to $ 327 per share. Microsoft’s revenue in the past quarter exceeded analysts’ expectations and increased by 22% over the year.
Source: iGuides.ru by www.iguides.ru.
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