Microsoft has surpassed Apple to become the world’s most valuable company. The Windows-maker is now reportedly worth $753 billion, compard to Apple which has now come down to $746 billion.
It appears Microsoft’s startegy to invertments in products like Office, Azure, and Cloud has fetched good returns for the company. Reports further add that Microosft is possibly on its way to become a trillion dollar company, something which Apple was once.
Shrinking of global iPhone demand has caused a substantial dip in Apple’s shares prices. The Cupertino giant’s shares revcently fell to $172.2, after it announced reduced production orders for the iPhone XS and iPhone XR. Not to mention, Apple also has plans to resurrect the iPhone X and reduce iPhone XR prices in Japan to mitigate losses.
Apple’s stock has shrunk by over 10 percent since November. During that time, the company also announced that it would not disclose iPhone sale units to investors. Since then, Apple’s stock has been constantly sliding.
Earlier this week, a WSJ report also claimed that Apple is offering subsidies to carriers in Japan to reduce iPhone XR prices. Besides, the report also mentioned the company’s plan to resume iPhone X production. One of the problems the company is facing is the fact that older iPhone models still have massive popularity in countries like Japan, most probably because they’re much cheaper than the latest iPhone models.
Apple has also cut down production orders because of lower than anticipated demand for new iPhone models, as well as overall shrinking of the smartphone-market. Reports further cite that weak demand in China is another reason for cutting down production of newly launched iPhone range.
Besides, renowned analyst Ming-Chi Kuo also suggests that Apple will see an year-over-year decline in iPhone shipments during the first quarter of 2019.
