Even though it lasted for a brief period of time, Apple did regain the title as the most valuable publicly listed U.S. company by overthrowing Microsoft and Amazon to the second and third spot respectively.
For a few moments, Apple market capitalization reached $806.6 billion, beating Microsoft by $200 million and Amazon by about $1.2 billion.
Of course, in no time, Microsoft swiftly regained the spot, becoming the most valuable company. However, Reuters reports that Apple was on track to end the session above Amazon, up 0.4 percent, taking the second position.
The plunge comes just after Apple released their quarter earnings of 2019. The company even saw an 11% rise in the stocks, knocking investor’s all-time concern for lower sales revenue of iPhones.
Although Apple was a little weak on the margin and revenue line in the earnings report, many analysts are suggesting that Apple is not far away from the 1 trillion market cap once the company unexpectedly stumbled upon, back in 2018.
Owning to the fact that Apple is considering new health services in 2019, and is prioritizing on privacy, it is not far-fetched to see Apple becoming the most valuable company in the US, for the entire time.