The House that Steve Jobs built has seen better days.
Apple is having a tough time lately. That’s relative, of course, when we’re talking about a business worth nearly a trillion dollars. But the truth is, the software and hardware juggernaut has actually fallen behind its eternal rival Microsoft. Steve Jobs is probably spinning in his grave.
Apple stocks have tanked (comparatively speaking) in November, and lost $200 billion in market value, Business Insider reports. Even worse, Bloomberg reported Wednesday that Microsoft’s market cap was $838 billion, beating Apple’s measly $833 billion. That’s not why Bill Gates is smiling in the photo, but he’s probably smiling just the same.
What’s going on?