Microsoft Moves Ahead of Apple to Become the World’s Most Valuable Company

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Image Source: Foxbusiness

This Microsoft hegemony is unstoppable! After Apple failed earnings expectations on Thursday 28th October 2021, Microsoft surpassed Apple in market capitalization on Friday 29th October 2021, making it the world’s most valuable publicly traded corporation. At market close, Microsoft’s market valuation was over $2.49 trillion, while Apple’s was around $2.46 trillion. Apple announced on Thursday that revenue in the company’s fiscal fourth-quarter fell short of Wall Street projections due to supply chain issues. The revenue shortfall is estimated to be $6 billion, but CEO Tim Cook told that he expects worse supply chain issues in the December 2021 quarter.

Microsoft had previously overtaken Apple’s market capitalization. Microsoft passed Apple’s market cap for the first time since 2010 in 2018 and again in July 2020. Alphabet, Google’s parent firm, has also topped Apple’s market valuation for the first time, in 2016. Even in the face of market changes, Apple’s growth has continued unabated. In 2018, Apple became the first US business to reach a market capitalization of $1 trillion. Following up on this feat, Apple became the first American corporation to have a market capitalization of $2 trillion in 2020.

Image Source: GSM Arena

Apple’s iPhone sales increased by 47% year over year, but they fell short of analyst expectations. The iPhone 13 was only available for a few days during the company’s fourth quarter. Microsoft’s fiscal first-quarter sales exceeded estimates, increasing by nearly 22% year over year. According to reports, this was the fastest growth since 2018. Apple was the first business to reach a market capitalization of $1 trillion and $2 trillion. When it eclipsed state oil giant Saudi Aramco in market cap last year, it became the world’s most valuable publicly traded corporation.

As the coronavirus outbreak caused havoc on supply lines, Microsoft last surpassed Apple in market capitalization in 2020. After delivering the first major update to Windows in more than five years, it first closed above a $2 trillion market cap in June 2021. Microsoft’s stock had increased more than 48 percent year to date at market close, while Apple’s had risen over 13 percent.

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