Apple has been surpassed by Microsoft as the most valuable public business in the world based on market value earlier today. Microsoft was able to narrowly surpass Apple in terms of market valuation, reaching $2.87 trillion, as a result of a one percent dip in the share price of Apple.
Microsoft has momentarily surpassed Apple as the most valuable firm since 2018.
This occurred most recently in 2020 and 2021, when fears about supply chain bottlenecks caused Apple’s stock price to drop, while a boom in remote working helped Microsoft retain its position as the most valuable corporation.
The value of Microsoft has increased over the course of the past year as a result of the company’s support for artificial intelligence tools through its backing of OpenAI.
On the other hand, Apple has not provided any comparable features or capabilities.
The demand for iPads and wearables was lower than anticipated, which resulted in Apple’s sales figures falling short of forecasts in its earnings report for the month of November.
In comparison to the previous year, Mac revenue likewise experienced a significant decline.
Despite the fact that it is not yet known how the market will react to the Vision Pro headset, expectations are rather modest due to the fact that sales projections are low and the gadget is priced at a premium level.
This is Kyle Thomas, a professional writer, and a news editor. I started my career as a blogger who writes on various topics and then I decided that I should join a NEWS agency where I can work as a NEWS reporter. So, I joined a renowned agency in the town as an internet and after getting 2 years of experience, now I am working as a senior NEWS reporter for The Daily NEWS Times.