Apple Inc. regained its crown on Wednesday as the most valuable US company open to the public and closed the session with a market value above the latest Microsoft and Amazon.com.
The apple (AAPL) rose 0.03 percent to $ 821.5 billion. Microsoft's market value ended at $ 813.4 billion, down from 1.11 percent, while Amazon's stock market value was $ 805.7 billion in third place after stocks fell 1.12 percent.
Apple's share increased 13 percent since its quarterly earnings report on January 29th, said investors were sold after months of slow demand for iPhone demand and a few months of soft demand in China due to the company's rare income warning.
However, the slowdown in iPhone sales led to lower expectations for Apple's share. The average analyst price target for Apple fell from $ 240 to $ 175 three months ago, the current stock price is more than $ 174.24.
After breaking a record of $ 1.1 trillion last October, Apple's market value fell slowly, and in December it was assumed by Amazon and Microsoft.
Apple's stock market value fell to $ 675 billion after the revenue stimulus on January 3, but then steadily recovered, and partly helped a better quarterly report than was feared by investors.
Apple won in the last sessions, while shares of Microsoft (MSFT) and Amazon (AMZN) fell following quarterly reports. Amazon, Wall Street estimates below the first quarter sales and predicted that in 2019 will accelerate investments.
’It has raised some eyebrows, the perception that Amazon may have settled on a more mature stage in terms of growth, daha said Dan Morgan, a senior portfolio manager at Synovus Trust in Atlanta.
Morgan has shareholders in Apple, Amazon and Microsoft, but said he would choose Amazon because of his leadership in the cloud computing market share if he had to choose.
Microsoft's stock has been flat since last Wednesday, when the software manufacturer met its quarterly results and targets for forecasting.