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Microsoft passed Apple in market cap again during intraday trading Friday, after jockeying for the top spot for most of the week. Microsoft surpassed Apple for seconds or minutes at a time all week, but Apple consistently beat out Microsoft in market valuation at market close.
At Friday’s close, Microsoft held an implied market valuation of $851.2 billion, based on an outstanding share count of 7,676,218,736 shares as of October 19, 2018, according to the company’s most recent SEC filing. Apple’s market valuation, based on an outstanding share count of 4,745,398,000 shares as of October 26, 2018, lagged just behind at $847.4 billion.
If Microsoft ends the year as the most valuable company, it will be the first year it closes out in the top position since 2002.
Source: S&P Dow Jones Indices
Apple eclipsed a trillion-dollar market capitalization in August to become the first publicly traded U.S. company to hit the historic valuation. Amazon crossed the trillion-dollar threshold during intraday trading five weeks later, but has never closed trading above the benchmark.
Apple’s stock has had a painful few weeks, spurred by disappointing earnings on Nov. 1 and an announcement that it would no longer disclose how many iPhones, iPads and Macs it sells each quarter, reducing transparency for investors. Shares have lost roughly 20 percent of their value in the last month.
—CNBC’s Patti Domm and Tom Franck contributed to this report.
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