Apple passed Microsoft on a market-capitalization basis on Friday to take back the crown as the world's most valuable company. The iPhone maker was valued at roughly $1.065 trillion as of 11:20 a.m. ET, edging past Microsoft's $1.063 trillion valuation. Apple's stock has surged in recent weeks as numerous analysts anticipate that iPhone 11 sales will surpass initial estimates. Meanwhile, Microsoft was among those hardest hit by a broad tech-sector sell-off. Watch Apple trade live...
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