NewsBreak: Apple Is Once Again World's Most Valuable Company

Investing.com – Apple (NASDAQ:AAPL) is once again the world's most value company, ahead of Microsoft (NASDAQ:MSFT), as shares rose Monday.

Apple (NASDAQ:AAPL), up 0.14%, had a market capitalization of $1.069 trillion, overtaking Microsoft's market cap of $1.068 trillion. Microsoft (NASDAQ:MSFT) was up 0.15%.

Apple (NASDAQ:AAPL) was the world's most valuable company until the fourth-quarter 2018 slump knocked its stock price down 30% amid worries about slumping sales of its iPhone, by far its biggest revenue source.

The shares are up 50% this year, thanks to big gains in the first and third quarters and a 5.7% gain so far this month. The gains have been fueled by the positive reception of its newest iPhone models and strong results from other products, including its Apple (NASDAQ:AAPL) store. It's also planning to start a streaming service.

Microsoft (NASDAQ:MSFT) is up nearly 38% this year, building on the success of its cloud-computing offerings and related back-office software, its Surface family of notebooks and tablets and the popularity of its Office programs.

Related Articles

Exclusive: Deutsche Bank took years to flag suspect Danske money flows - source

CannTrust to destroy C$77 million worth of plants, inventory to regain compliance

NewsBreak: Harley-Davidson Halting Production of Electric Bike - WSJ