BREAKING NEWS U.S. Attorney Jay Town announces resignation, job with Huntsville defense company Full Story

Microsoft and Apple are fighting to be world's most valuable company

Forget FAANG. The new tech heavyweight is ... Microsoft?Microsoft briefly overtook Apple to become th...

Posted: Nov 27, 2018 3:50 PM
Updated: Nov 27, 2018 3:50 PM

Forget FAANG. The new tech heavyweight is ... Microsoft?

Microsoft briefly overtook Apple to become the world's most valuable company on Tuesday, according to data from Refinitiv. Microsoft's rise is fueled by continued traction with cloud computing and its ability to avoid the disappointing earnings results and increased regulatory scrutiny that have plagued many of its big tech rivals recently.

Apple Inc

Companies

Microsoft

Technology

Business, economy and trade

International trade

Trade and development

Digital privacy

After flirting with reclaiming the title from Apple during trading Monday, Microsoft narrowly passed Apple at the market open Tuesday. At the open, Microsoft had a market cap of $815.8 billion, compared to Apple's roughly $815.5 billion, according to Refinitiv.

Microsoft was helped by investor jitters overnight about a report that President Donald Trump is open to placing tariffs on the iPhone. The two companies quickly traded positions again in early trading Tuesday.

Apple first passed Microsoft to become the world's most valuable company in 2010, as its consumer hardware business thrived while Microsoft's floundered. Now, Microsoft is thriving in large part by focusing not on consumers, but enterprise customers.

Under CEO Satya Nadella, Microsoft has made a years-long bet on cloud computing. This has positioned Microsoft as one of the two dominant players -- along with Amazon -- in a fast growing market, and propelled the company to its first $100 billion sales year.

Apple, meanwhile, has seen its stock plunge amid concerns about sagging demand for the new lineup of pricey iPhones and its decision to stop disclosing unit sales for smartphones -- not to mention the latest tariff concerns.

Microsoft doesn't have to worry about the "flat-lining" market for smartphones plaguing Apple, says Dan Morgan, senior portfolio manager at Synovus Trust. Neither is it particularly vulnerable to an exodus of social media users over privacy concerns.

"Microsoft's huge strides that it has made in the Cloud space, which is more enterprise focused," Morgan says. That "has allowed [its] shares to outperform its Tech Brethren."

Daniel Ives, an analyst with Wedbush, tells CNN Business that Microsoft has "almost been Teflon-like." The company is "continuing to hum along," even as "many of their well-known tech peers [are] going into major stumbling blocks."

Google and Facebook are increasingly in the crosshairs of regulators over data privacy. The latter has seen its market value fall as much as 40% from its peak in July as investors worry about the long-term privacy backlash.

Yet, in an odd twist of fate for Microsoft, which was sued 20 years ago by the United States for engaging in anticompetitive behavior, regulation is suddenly one of its strengths in the tech industry.

"For the first time in two decades, Microsoft is on the right side of the regulatory discussion," says Brad Reback, an analyst who tracks Microsoft at Stifel. "There is no regulatory issue with Microsoft. They are just going about their business."

In 2018, when tech companies are caught up in trade wars and foreign election meddling, just going about your business is enough to stand out from the pack.

Huntsville
Scattered Clouds
91° wxIcon
Hi: 92° Lo: 65°
Feels Like: 99°
Florence
Clear
91° wxIcon
Hi: 93° Lo: 67°
Feels Like: 99°
Fayetteville
Clear
90° wxIcon
Hi: 92° Lo: 65°
Feels Like: 90°
Decatur
Clear
89° wxIcon
Hi: 91° Lo: 65°
Feels Like: 98°
Scottsboro
Few Clouds
91° wxIcon
Hi: 93° Lo: 67°
Feels Like: 102°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Confirmed Cases: 49892

Reported Deaths: 1077
CountyConfirmedDeaths
Jefferson6030162
Mobile4418137
Montgomery4339109
Tuscaloosa254448
Madison19078
Marshall186611
Shelby150924
Lee149437
Morgan12205
Baldwin111410
Walker105127
Elmore98919
Dallas9639
Franklin92216
Etowah88214
DeKalb8416
Chambers65727
Russell6570
Autauga65313
Butler64328
Tallapoosa61669
Unassigned58626
Limestone5741
Houston5526
Cullman5395
Lauderdale5376
Lowndes48022
St. Clair4692
Colbert4656
Pike4595
Escambia4528
Calhoun4365
Coffee4074
Covington39911
Jackson3742
Bullock37010
Barbour3672
Dale3621
Talladega3497
Hale33722
Marengo33011
Wilcox2968
Clarke2946
Winston2893
Chilton2872
Sumter28512
Blount2731
Pickens2556
Monroe2492
Marion24514
Randolph2449
Conecuh2277
Perry2091
Bibb2081
Macon2069
Choctaw20212
Greene1928
Henry1433
Crenshaw1273
Washington1277
Lawrence1170
Cherokee1127
Geneva920
Lamar811
Fayette781
Clay742
Coosa621
Cleburne411
Out of AL00

Tennessee Coronavirus Cases

Confirmed Cases: 57591

Reported Deaths: 710
CountyConfirmedDeaths
Shelby12842214
Davidson12549138
Rutherford332638
Hamilton308837
Sumner180256
Williamson159115
Trousdale15055
Knox14719
Out of TN125610
Wilson109917
Putnam9897
Bradley8894
Robertson88213
Sevier8633
Unassigned8372
Lake6970
Tipton6746
Montgomery6587
Bledsoe6251
Bedford5959
Macon5466
Hamblen4224
Maury4203
Hardeman3814
Fayette3463
Madison3402
Loudon3081
Rhea2940
Blount2803
Dyer2743
McMinn25718
Cheatham2522
Dickson2430
Washington2120
Lawrence2026
Cumberland1964
Anderson1782
Sullivan1782
Lauderdale1723
Gibson1581
Jefferson1571
Monroe1466
Smith1392
Coffee1340
Cocke1260
Greene1232
Hardin1207
Obion1182
Haywood1112
Warren1060
Franklin1043
Marshall1042
Wayne990
Hickman980
McNairy911
Marion904
Giles801
Lincoln800
White803
Hawkins792
Carter771
DeKalb760
Roane750
Weakley691
Overton681
Campbell651
Grundy652
Henderson620
Claiborne610
Unicoi560
Chester530
Carroll511
Polk510
Grainger500
Crockett483
Henry480
Cannon450
Johnson440
Sequatchie430
Jackson410
Humphreys382
Meigs350
Perry350
Morgan291
Decatur280
Stewart260
Fentress250
Scott220
Union200
Houston190
Clay180
Moore170
Benton151
Hancock100
Lewis100
Pickett70
Van Buren70

 

 

Community Events