Due to changes in the share counts of both companies, Apple is still leading the way by $26 billion as the most valuable company in the world.
This means that Microsoft didn’t overtake Apple in any way as reported by many news outlets. Apple’s market share is nearly $817 billion, compared to Microsoft’s $791 billion.
Apple has fallen massively over these past few months due to a decrease in the sales of iPhone less than expected demand for their newest iPhone XR.
At the start of this week, it was being reported that Apple is going to decrease the prices of iPhone XR in Japan in an effort to attract the customers and production of iPhone X being started again in the several parts of the world.
In this week, there also has been a reported in which it was revealed that Apple has cut production orders for the iPhone XS and iPhone XR.
Apple suppliers have also offered weaker-than-expected guidance recently, with many citing slowing business from Apple as the reason.
Most recently it was announced by Apple that it would stop announcing unit sales data for its hardware products, including the iPhone devices.
Chief Financial Officer of Apple, Luca Maestri explained this new move by Apple that this new change is because of unit sales no longer being the best indicator of Apple’s business, but it’s a change that has worried some investors.