Amazon has become the most expensive public company in the world.

Amazon Corporation first came out on top of the list of the most expensive companies in the world. Previously, Microsoft valued most of all, but after recent trading on the stock exchange, Amazon's stock price increased by 3%, reaching $ 1,629 per share. As a result, the company's total capitalization rose to $ 797 billion, which allowed Amazon to take first place.

In second place is Microsoft with a capitalization of $ 784 billion. The value of the company's shares currently stands at $ 102.06. The third place was taken by Alphabet holding with a $ 784 billion capitalization.

Well, while Apple has dropped to fourth place, the capitalization of this company now amounts to $ 702 billion. The corporation’s main problem is a decrease in demand for iPhones. The market is saturated with corporate devices, and the new ones do not cause such a rush as before. Therefore, the company's revenue will be several billion US dollars less than previously thought.



Apple failed to offset sales drawdown, as the decline in demand for the iPhone is very significant. Shares of the company collapsed in early January, after which the indicators of the corporation's suppliers also sank. However, after the collapse of the 3rd of January, the company's shares still slightly increased in price, which allowed Apple to increase its capitalization from $ 680 billion to the current $ 702 billion.