Amazon Becomes World’s Most Valuable Company, Microsoft Second, Apple Fourth
Amazon is now the world’s most valuable company after managing to overtake Microsoft, who has been leading the charts since November last year.
As per BBC, Amazon is now worth $810 million, whereas the software giant Microsoft is now valued at $789 billion. Google’s parent company Alphabet is third in the top with $752 billion, while Apple is now fourth with $702 billion.
Microsoft managed to surpass Apple in late 2018, becoming the world’s most valuable company, while in December, Amazon did the same thing and took over the runner-up seat.
Apple keeps going down
Apple, which last year became the first company in the world to be worth $1 trillion, declined substantially in the last six months, mostly as a result of a massive drop experienced by its flagship product, the iPhone.
The 2018 iPhone generation, which was supposed to help Apple secure the lead, is actually selling well below ex… (read more)