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Riding on iPhone 11 Apple overtakes Microsoft in $1 trillion market cap

Apple's new iPhone 11 has made the company the most valuable in the US again. With that Apple has crossed Microsoft with a $1.07 trillion market cap. These are the only 2 US companies that are in the $1 trillion market cap bracket. The US and Chinese trade negotiators have reached a preliminary agreement amid the ongoing trade war. That news has helped Apple to propose a 15% tariff looms on some Chinese goods.