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>> Despite some of its snafus, like the failed Nokia acquisition and the Windows Phone, Microsoft is making a comeback. On Friday, the software company ended the week as the most valuable listed company, closing above Apple for the first time in eight years. Microsoft shares have been soaring after CEO Satya Nadella took the helm in 2014 and pushed it into the cloud computing business, which is now second only to Amazon.
Meanwhile, Apple's shares have dropped more than 20% since its peak in early October, when it was valued at over $1 trillion. The main concern that its flagship iPhones, which make up a bulk of its revenue, aren't selling as well as they used to. And President Trump's threat to slap additional tariffs on goods from China aren't helping either, as the iPhones could also be hit.
Microsoft and Apple jostled for the top spot over the week, with Microsoft's value exceeding Apple's at several points in intraday trading, but Friday was the first time it closed above Apple. Microsoft is now valued at just above $851 billion, nearly $4 billion more than Apple.