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Apple loses title of World’s Most Valuable Company to Microsoft

Apple shares have dropped some 23% over the past four trading sessions.

MacDailyNews

Apr 9

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Microsoft is again worth more than Apple, as shares of the company are getting pummeled after it delayed its promised – and widely advertised (for which it faces class action lawsuit claiming false advertising) – Apple Intelligence-powered Siri and other AI features alongside increased U.S. import tariffs aiming to level the playing field in global trade. Apple shares have dropped some 23% over the past four trading sessions.

Jordan Novet for CNBC:
‎

As of Tuesday’s close, Microsoft is worth $2.64 trillion, while Apple’s market cap stands at $2.59 trillion.
While the market broadly is getting hammered by President Donald Trump’s sweeping tariff plan, Apple is getting hit the hardest among tech’s megacap companies due to the iPhone maker’s reliance on China.
UBS analysts on Monday predicted that the price of the iPhone 16 Pro Max could jump as much as $350 in the U.S.

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MacDailyNews Take: UBS analysts are clearly idiots and/or fomenters. The price of the iPhone 16 Pro Max will NEVER “jump as much as $350 in the U.S.”

Novet continues:
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Microsoft also had the highest market capitalization of any public company in early 2024, but Apple soon reclaimed the title.

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MacDailyNews Take: Again, this too shall pass. Patience, not panic.

The stock market is a device to transfer money from the impatient to the patient. – Warren Buffett

As we wrote yesterday, “Sub-$170 AAPL seems like an absolute gift to us, but, as always, do your own due diligence. Trying to hit it at its absolute bottom is like trying to win the lottery while being stuck by lightning.”

The only problem with market timing is getting the timing right. – Peter Lynch

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[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

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