Apple Inc is still the leader in terms of market capitalization and leads Microsoft by $26 billion. This is because of the changes in the outstanding share counts of the Apple.
This means that Microsoft has not surpassed Apple in the market which was earlier reported by the 9 to 5 Mac.
The market capitalization of Apple is of $817.6 billion whereas that of the Microsoft is of $791 billion.
9 to 5 Mac, reported the error in its previous reports on the 24th of November and also apologized for it.
There has been a drastic fall in the share prices of Apple over the last month and it was only because of the fear of the investors of declining sales of iPhones and a weak demand of the latest launch of the company iPhone XR.
It was reported in the beginning of this week that the company is decreasing the prices of iPhone XR in Japan and will soon be restarting the production of iPhone X in certain markets.
There was also news which stated that the company is decreasing the production orders for the 3 models which were launched few months back. It included iPhone XS and iPhone XR.
On Monday the world stock markets tumbled down due the persistent trade tension between United States and China and the softening demand for iPhones pushed down the stock shares of Apple.
The suppliers to Apple have also offered guidance that was weaker than expected and have cited the slowing of the business because of the decrease in the demand for the supplies by Apple.
The CFO of Apple Inc, during the recent earnings call stated that the company would stop reporting the data for its unit sales of the hardware which will include iPhone and explained the reason that the unit sales in no longer a prudent indicator of the business of the company.
Source: 9To5Mac, BusinessToday
