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The drop in Apple Inc’s shares on Friday propelled Microsoft Corp to the position of the world’s largest listed company by market capitalisation.
Apple fell as much as 3.9 per cent to $146.65 after reporting fourth-quarter revenue that came in below the average analyst estimate, which gave the iPhone maker a market value of $2.41 trillion. Microsoft rose as much as 1.1 per cent to hit a market value of $2.46 trillion, blowing past Apple after reporting estimate-topping results for an 11th straight quarter earlier this week.
“If you’re looking for safety in tech, Microsoft probably seems like a safer bet to
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