Microsoft again surpasses Apple as the largest listed company in the market

New York, Oct 29 (EFE) .- Microsoft again surpassed Apple on Friday as the largest listed company in the market before the stock market crash of the apple firm, which presented quarterly results worse than expected.

According to market data, at 12:30 p.m. on Wall Street (16:30 GMT), Microsoft had a market capitalization of almost 2.47 trillion dollars compared to 2.45 trillion of Apple, which has been the world leader in the stock market for more one year.

The advance has been attributed to the disappointment that investors have been with the accounts of the company founded by Steve Jobs, since they had high expectations, while the firm created by Bill Gates has fulfilled them.

Despite increasing its profit and turnover, Apple warned that the problems in the global supply chain will probably affect the availability of its products and reduce its sales in the coming months.

For its part, Microsoft also increased its profits and sales in the last quarter, but has better growth prospects due to the good performance of its services segment, which includes the intelligent cloud.

The developer of the Windows operating system lost the throne as the highest listed company in the summer of 2020 precisely to Apple, but it had already been the largest company between the late 1990s and early 2000s.

Both firms, along with other technology firms, have benefited from the digitization of work, education and leisure as a result of the covid-19 pandemic, which forced authorities around the world to impose restrictions on mobility.

At mid-session on Wall Street, Microsoft advanced 1.47% and Apple fell more than 2%.

(c) EFE Agency