Apple regains its position as largest listed company in the world

Apple has regained its position as the world's largest listed company after Microsoft dominated that place over the past months, with the iPhone maker coming back to its $1 trillion barrier, which it breached in August 2018.

Apple rose 4% on today, pushing its market value to $916 billion, while Microsoft fell to the second place with a market cap of $908 billion .

The value of the stock has recently been boosted by Apple's announcement of new products such as the recently released the new models of iPad, iMac and Airpods. The company is also preparing to launch a streaming service for movies and TV shows for iPhone and IPad owners, in direct competition with "Netflix."

Apple's market value fell below $1 trillion due to a drop in revenues of slower iPhone's sales-the company's main revenue source-in the fourth quarter of 2018.

Apple's net revenue for the three months ended in March 31, fell 5% to $84.3 billion compared to estimates of revenues at $89 billion to $90 billion.

In contrast, Microsoft's sales jumped in the fourth quarter of last year, driving its operating profit up 18% as a result of the company's revenue recovery from software and cloud computing services.