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Amazon replaces Microsoft as most valuable company

At the beginning of August 2018, the most valuable company in the world was a trillion Dollar value. It was called Apple. Now, the stock market has fallen in va

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Amazon replaces Microsoft as most valuable company
At the beginning of August 2018, the most valuable company in the world was a trillion Dollar value. It was called Apple. Now, the stock market has fallen in value by Apple and the most valuable group is Amazon - 797 billion Dollar value. the

The Online retailer Amazon has replaced Microsoft as the most valuable publicly traded companies in the world. The exchange occurred on Monday, after the Amazon-was the stock price has risen by 3.4 percent. The market value of the company grew to about 797 billion dollars - more than the previous leader Microsoft with about 784 billion dollars in value.

Until the end of November had taken Microsoft to the title as the most valuable companies by the U.S. technology group Apple. In the current ranking on the fourth place behind Google, the parent Corporation, Alphabet - a remarkable crash. Even at the beginning of August, 2018, Apple had for the first time exceeded the magic mark of one trillion dollars in value. This is the Moment many had been waiting in the financial markets, and every minute the price of the Apple stock followed. Apple and Amazon had would have dueled for months before, which of the two is pregnant first the symbol trillion limit. The had managed in the year 2007, although briefly, the Chinese Oil company, Petrochina, analysts had questioned the high valuation of the public group, but always out of the question.

Apple is not running it currently at all well: In the past week, the group had to revise its own revenue forecast down significantly. The group sells less Smartphones than expected, especially in China, where Apple makes up about a fifth of its business. For a long time Apple was the device in the people's Republic of as a status symbol. In the meantime, many Chinese brands have caught up technically and, more and more Chinese people are proud to use a device from a domestic manufacturer. The investors in the stock exchange reacted in shock to the sales message, the price of shares done by a good nine percent.

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