New Delhi: Apple Inc on Friday lost its crown as the world’s most valuable public company to Microsoft Corp, as shares of the iPhone maker continued to tumble.
Apple took a $6 billion hit in its sales during the fiscal fourth quarter, which missed Wall Street’s expectations because of a global supply chain problem. Top boss Tim Cook said the impact would be worse in the current holiday sales quarter.
“Compared to less hardware-focused FAANG peers, Apple is also heavily exposed to supply chain disruption,” said Sophie Lund-Yates, equity analyst at Hargreaves Lansdowne.
Shares of Cupertino, California-based Apple were down 3.6% at $147, meaning a market capitalization of $2.41 trillion. Shares of the Windows software maker rose 0.7% to $326.8 at a market valuation of $2.46 trillion. Microsoft shares were trading at record highs.
Apple, which has repurchased $421.7 billion over the years, announced a massive $90 billion share buyback in April. As a result, the company’s outstanding stock pool continues to shrink, ending its fiscal fourth quarter with 16.4 billion shares.
Microsoft’s stock is up more than 45% this year, fueled by pandemic-induced demand for sales of its cloud-based services. Apple’s shares have risen 15% so far this year.
Apple’s stock market value overtook Microsoft in 2010 as the iPhone made it the world’s leading consumer technology company. The companies have stepped up in recent years as Wall Street’s most valuable business, with Apple holding the title since mid-2020.
Analysts say Apple has managed the supply chain issue well, but with Cook’s warning of more pressure, the door is open for its performance as the holiday season approaches. Read also: Cyber security, R&D, health technology are key areas of India-Australia cooperation: Report
In contrast, Microsoft on Tuesday predicted a strong end to the calendar year thanks to its booming cloud business, but warned that the supply-chain crisis would continue to dog flagship units, such as its Surface Laptop and Xbox. Manufacturer of gaming consoles. Read also: Good news for old Windows users! Microsoft will roll out Windows 11 to more PCs this week
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#Mute
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slot.addService(googletag.pubads());
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mimetype: "application/x-mpegURL"
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kalturaPlayer.addEventListener(kalturaPlayer.Event.AD_COMPLETED, adCompletedEvent);
kalturaPlayer.addEventListener(kalturaPlayer.Event.AD_SKIPPED, adSkippedEvent);
kalturaPlayer.addEventListener(kalturaPlayer.Event.AD_CLICKED,adClicked);
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var videotype = "zee english video";
gtag('event', 'Adstarted', { 'event_category': videotype, 'event_label': vlabel});
gtag('event', 'Play', { 'event_category': videotype, 'event_label': vlabel});
isVideoPlayed = true;
isAdSkippedCompleted = true;
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function adCompletedEvent(event) {
var videotype = "zee english video";
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function adSkippedEvent(event) {
var videotype = "zee english video";
gtag('event', 'Adskipped', { 'event_category': videotype, 'event_label': vlabel});
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function adClicked(event) {
var videotype = "zee english video";
gtag('event', 'Adclicked', { 'event_category': videotype, 'event_label': vlabel});
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var videotype = "zee english video";
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function AdProgressEvent(event) {
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$(this).hide();
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});
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$(this).hide();
var pvid = $(this).attr("newsid");
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var vC = $(this).parent().children().find('#play-'+vid).attr("video-code");
var playDiv = "mvideo-play-" + vid + "-" + pvid;
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kalturaPlayerAPIReady(vC, playDiv,pvid);
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onYouTubePlay($(this).attr("id"), vC, playDiv, vid, pvid);
}
});
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var ci = 1;
var nxti_1 = 6;
var nxti_2 = 9;
var nxti_3 = 12;
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var disqus_identifier; //made of post id and guid
var disqus_url; //post permalink
function loadDisqus(source, identifier, url, nid) {
if (window.DISQUS) {
//alert("if");
jQuery('
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jQuery('#disqus_thread').insertAfter(source); //append the HTML after the link
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DISQUS.reset({
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config: function () {
this.page.identifier = identifier;
this.page.url = url;
}
});
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jQuery('
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disqus_identifier = identifier; //set the identifier argument
disqus_url = url; //set the permalink argument
//append the Disqus embed script to HTML
var dsq = document.createElement('script'); dsq.type="text/javascript"; dsq.async = true;
dsq.src="http://" + disqus_shortname + '.disqus.com/embed.js';
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};*/
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function notify() {
identifier = $(this).attr('id');
dUrl = $(this).attr('disqus-url');
source = $(this).parent();
loadDisqus(jQuery(this), identifier, dUrl);
}*/
function loadshare(curl){
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if(window.OBR){
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//console.log("loadshare Call->" + curl);
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var cu_url = curl;
gtag('config', 'UA-2069755-1', {'page_path': cu_url });
if(window.COMSCORE){
window.COMSCORE.beacon({c1: "2", c2: "9254297"});
var e = Date.now();
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var ga = document.createElement('script'); ga.type="text/javascript"; ga.async = true;
ga.src = ('https:' == document.location.protocol ? 'https://' : 'http://') + 'stats.g.doubleclick.net/dc.js';
var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s);
})();*/
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var view_selector="div.center-section"; // + settings.view_name; + '.view-display-id-' + settings.display;
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var items_selector = content_selector + ' > div.rep-block'; // + settings.items_selector;
var pager_selector="div.next-story-block > div.view-zn-article-mc-all-2017 > div.view-content > div.clearfix"; // + settings.pager_selector;
var next_selector="div.next-story-block > div.view-zn-article-mc-all-2017 > div.view-content > div.clearfix > a:last"; // + settings.next_selector;
var auto_selector="div.tag-block";
var img_location = view_selector + ' > div.rep-block:last';
var img_path="
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var img = img_path;
//$(pager_selector).hide();
//alert($(next_selector).attr('href'));
var x = 0;
var url="";
var prevLoc = window.location.pathname;
var circle = "";
var myTimer = "";
var interval = 30;
var angle = 0;
var Inverval = "";
var angle_increment = 6;
var handle = $.autopager({
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content: items_selector,
runscroll: maindiv,
link: next_selector,
autoLoad: false,
page: 0,
start: function(){
$(img_location).after(img);
circle = $('.center-section').find('#green-halo');
myTimer = $('.center-section').find('#myTimer');
angle = 0;
Inverval = setInterval(function (){
$(circle).attr("stroke-dasharray", angle + ", 20000");
//myTimer.innerHTML = parseInt(angle/360*100) + '%';
if (angle >= 360) {
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}
angle += angle_increment;
}.bind(this),interval);
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clearInterval(Inverval);
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$('.center-section >.row:last').before('
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var fb_script=document.createElement('script');
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var fmain = $(".sr"+ x);
//alert(x+ "-" + url);
var fdiv = '
';
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$(fdiv).appendTo(fmain);
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instagram_script.defer="defer";
instagram_script.async="async";
instagram_script.src="https://platform.instagram.com/en_US/embeds.js";
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outbrain_script.type="text/javascript";
outbrain_script.async="async";
outbrain_script.src="https://widgets.outbrain.com/outbrain.js";
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var twit = $("div.field-name-body").find('blockquote[class^="twitter"]').length;
var insta = $("div.field-name-body").find('blockquote[class^="instagram"]').length;
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if (typeof (twttr) != 'undefined') {
twttr.widgets.load();
} else {
$.getScript('https://platform.twitter.com/widgets.js');
}
//$(twit).addClass('tfmargin');
}
if(insta>0){
$('.content > .left-block:last').after(instagram_script);
//$(insta).addClass('tfmargin');
window.instgrm.Embeds.process();
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}, 1500);
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x=$(next_selector).attr('id');
var url = $(next_selector).attr('href');
disqus_identifier="ZNH" + x;
disqus_url = url;
handle.autopager('load');
history.pushState('' ,'', url);
setTimeout(function(){
//twttr.widgets.load();
//loadDisqus(jQuery(this), disqus_identifier, disqus_url);
}, 6000);
});*/
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function disqusToggle() {
console.log("Main id: " + $(this).attr('id'));
}*/
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fbcontainer="";
fbid = '#' + $(this).attr('id');
var sr = fbid.replace("#mf", ".sr");
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$(fbid).parent().children(sr).toggle();
fbcontainer = $(fbid).parent().children(sr).children(".fb-comments").attr("id");
//console.log(fbcontainer);
//var commentsContainer = document.getElementById(fbcontainer);
//commentsContainer.innerHTML = '
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var title, imageUrl, description, author, shortName, identifier, timestamp, summary, newsID, nextnews;
var previousScroll = 0;
//console.log("prevLoc" + prevLoc);
$(window).scroll(function(){
var last = $(auto_selector).filter(':last');
var lastHeight = last.offset().top ;
//st = $(layout).scrollTop();
//console.log("st:" + st);
var currentScroll = $(this).scrollTop();
if (currentScroll > previousScroll){
_up = false;
} else {
_up = true;
}
previousScroll = currentScroll;
//console.log("_up" + _up);
var cutoff = $(window).scrollTop() + 64;
//console.log(cutoff + "**");
$('div[id^="row"]').each(function(){
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if($(this).offset().top + $(this).height() > cutoff){
//console.log("$$" + $(this).children().find('.left-block').attr('data-url'));
if(prevLoc != $(this).children().find('.left-block').attr('data-url')){
prevLoc = $(this).children().find('.left-block').attr('data-url');
$('html head').find('title').text($(this).children().find('.left-block').attr('data-title'));
$('meta[name=description]').attr("content",$(this).children().find('.left-block').attr('data-summary'));
$('meta[name=keywords]').attr("content",$(this).children().find('.left-block').attr('data-keyword'));
$('meta[name=news_keywords]').attr("content",$(this).children().find('.left-block').attr('data-keyword'));
pSUPERFLY.virtualPage(prevLoc,$(this).children().find('.left-block').attr('data-title'));
//console.log("Summary: " + $(this).children().find('.left-block').attr('data-summary'));
//console.log("Keyword: " + $(this).children().find('.left-block').attr('data-keyword'));
//history.pushState('' ,'', prevLoc);
loadshare(prevLoc);
}
return false; // stops the iteration after the first one on screen
}
});
if(lastHeight + last.height() < $(document).scrollTop() + $(window).height()){
//console.log("**get");
url = $(next_selector).attr('href');
x=$(next_selector).attr('id');
//console.log("x:" + x);
//handle.autopager('load');
/*setTimeout(function(){
//twttr.widgets.load();
//loadDisqus(jQuery(this), disqus_identifier, disqus_url);
}, 6000);*/
}
//lastoff = last.offset();
//console.log("**" + lastoff + "**");
});
//$( ".content-area" ).click(function(event) {
// console.log(event.target.nodeName);
//});
/*$( ".comment-button" ).live("click", disqusToggle);
function disqusToggle() {
var id = $(this).attr("id");
$("#disqus_thread1" + id).toggle();
};*/
//$(".main-rhs2406585").theiaStickySidebar();
var prev_content_height = $(content_selector).height();
//$(function() {
var layout = $(content_selector);
var st = 0;
///});
}
}
});
/*}
};*/
})(jQuery);
.