Apple, which holds a $ 1 trillion company title , has been replaced by Microsoft . Microsoft has surpassed its competitors to a large extent, exceeding the 13-digit threshold. Microsoft is currently considered to be the only company in the U.S. with a stock market value of more than $ 1 trillion after the Corona virus pandemic .
According to the official list of NASDAQ, at the closing of the markets on March 23, Microsoft’s shares totaled $ 1,034 trillion. Microsoft became the third U.S. company to surpass the $ 1 trillion market value in April 2019. Apple, Amazon, and Google parent firm Alphabet have had a market value of over $ 1 trillion until recently, but the economic crisis has left huge companies symbolic.
Shares of iPhone manufacturer Apple , which closed all its stores outside of China due to the Corona virus epidemic , fell 4.9% at 9:40 a.m. New York time. This means a market value of $ 960 billion for Apple. Apple shares dropped 25 percent this year due to the Covid-19 outbreak . On the other hand, Microsoft continues to maintain its value at the top level with a decrease of 14% and $ 1.03 trillion.
With the market closing on Monday, the market values were as follows:
Apple: $ 981,726 billion
Amazon: $ 947,249 billion
Alphabet: $ 725.39 billion
The falling stock market caused Congress to propose a major incentive for the US economy. However, after the democratic senators gave up voting, a draft law enacted in the US Senate was enacted. This bill states that little has been done to help ordinary people. On March 23, Trump explicitly agreed to take public health measures under the Corona virus to support the stock market.