Over the years, Microsoft It has become the most valuable company in the market. Although it is already lagging behind Apple in this race, thanks to its focus on artificial intelligence, They finally managed to surpass those responsible for the iPhoneAnd Microsoft became the most valuable company in the world.
According to a Reuters report, last Thursday, Microsoft has finally overtaken Apple as the world’s most valuable company, a position the iPhone maker has held since 2021.. Shares of Microsoft rose 0.5%, giving it a market value of $2.859 billion. It rose as much as 2% during the session and the company was short valued at $2.903 billion.
For its part, Apple shares fell 0.3%, giving the company a market capitalization of $2.886 billion. DA Davidson analyst Gil Luria commented:
“It was inevitable that Microsoft would overtake Apple, because Microsoft is growing faster and has more benefits from the generative AI revolution.”
Microsoft’s new position is for two reasons. The first of these, That iPhone 15 was not the success expected by Apple, which caused the company’s shares to fall since the beginning of the year. For its part, Microsoft has focused a lot on artificial intelligence, something that has paid off for all investors in multiple areas of the company.
However, considering the year 2018, Both Apple and Microsoft have fiercely competed for the top spot, the possibility cannot be ruled out that the people responsible for the iPhone will resume their place as the best value company in the world in the future, only for Xbox owners to do the same later. We can wait to see what happens in this contest between the giants. In related matters, Microsoft president talks about CMA in Activision’s purchase of Blizzard. Similarly, there is already a release date for Apple Vision Pro.
Editor’s note:
Like images of Iron Man and Batman battling Bill, the competition to see which company is the most valuable in the market sounds far removed from our lives. However, it allows us to see that a company’s value will always be measured by its innovation and ability to stay on top of all possible trends.
Through: Reuters
