Is Apple's crown slipping? Tech giant loses title of the world's largest company to Google as shares slump to two-year low



Shares of Apple sank below $90 for the first time in nearly two years during trade Thursday, ceding the title of the world's largest company by market valuation to Google.
With investors souring on the outlook for sales of its iPhones and iPads, and no new blockbuster product in its offerings, Apple shares fell sharply to $89.47 in early trade before coming back to end the day off 2.4 per cent at $90.34.
That was enough to lose the title of the world's largest company to Google parent Alphabet, whose shares lost just 0.3 per cent at $713.31.
Apple ended the day valued at $494.8 billion by... read more

 
13 May 2016 in Science &Technology, Views: 45
Source: Daily Mail
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