Facing threat of U.S. tariffs, Apple loses top valuation crown to Microsoft

Microsoft tops Apple as world's most valuable company

In August, Apple became the first U.S. company with a $1 trillion valuation.

Currently, Apple has a market cap of US$817.7 billion, meaning it has shed almost US$300 billion in value after cresting a record US$1.1 trillion valuation in early October. However, by the stock market's close, Apple was able to regain the spot with a market value of over $825 billion.

It's worth noting that Microsoft's brief reign as the world's most valuable company wasn't necessarily a result of anything it did right.

Apple's market cap ultimately regained its No. 1 rank, closing at $828.64 billion as of 4:05 p.m.in NY, while Microsoft's stood at $822.90 billion after the two spent much of Monday afternoon jockeying for the top seat.

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Furthermore, Bloomberg reports, Microsoft's market cap previously matched Apple's last in 2010, eight years ago. Shares of Apple rose 1.4 percent, erasing an earlier decline, while Microsoft climbed 3.3 percent.

The main reason why Apple quickly lost its status this month of November is the steady decline of its market cap due to growing concerns over the weak sales of its new iPhones and following the company's decision to no longer disclose the unit sales of its iPhones, iPads and Mac devices. Lately, however, production orders for new iPhone parts have dropped, cutting into Apple's market value. Shares have fallen more than 25 per cent from record levels.

Rich Ross, a technical analyst at Everscore ISI, said Apple could see another 18 percent slide.

Below is a chart comparing the market caps of Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) going back to 1986. "It is not bullish when the biggest stock in the world is in "falling knife" mode", he wrote to clients Monday.

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