Microsoft’s Brief Comeback - WSJ


Microsoft spent a little over a month as the world’s most valuable company and ceded its crown to Amazon.com based on Monday’s closing prices.


Photo:

lionel bonaventure/Agence France-Presse/Getty Images

Microsoft
’s


MSFT 0.73%

return as the world’s most valuable company was short. But in the current market,

Amazon.com


AMZN 1.66%

shouldn’t get too comfortable either.

After spending a little over a month on top, the software giant formally ceded its crown based on Monday’s closing prices, which gave Amazon a total market value of about $797 billion compared with Microsoft’s $784 billion. That is more reflective of Amazon’s strong jump of 9% in the first week of the new year, compared with Microsoft’s 1% gain in that time.

Of course, the Seattle neighbors both owe much to

Apple
Inc.,


AAPL 1.91%

which has managed to lose a breathtaking $355 billion in value over the past couple of months on worries about its slowing iPhone business.

The coming earnings season could shuffle things even more. Apple’s last report is what first triggered its selloff, and even Amazon remains about 9% below its price since its own third-quarter results. Google-parent Alphabet Inc. is also now just about 5% below both Amazon and Microsoft in terms of market value. In tech, nothing lasts forever.

As Microsoft moves closer to unseating Apple as the world’s most valuable company, the WSJ’s Dan Gallagher looks at the company’s steady rise over the last 10 years. Photo: Associated Press

Write to Dan Gallagher at dan.gallagher@wsj.com



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