Microsoft surpassed Apple in terms of market value for the first time since November 2021. The publication reports that Market Monitoring.
Microsoft shares rose 0.9% on Thursday, while Apple shares fell 1.1%. As a result, Microsoft’s value reached $2.87 trillion, surpassing Apple’s $2.86 trillion. However, by the end of pre-marketing, Apple regained the lead.
For the past 10 years, Microsoft or Apple has consistently ranked No. 1 among U.S. companies in terms of market capitalization. Only Amazon surpassed them in this indicator by 13 days in 2019.
Analysts attribute Microsoft’s success to the development of cloud technologies and artificial intelligence. Microsoft’s enterprise business is thought to be more stable than Apple’s consumer segment. Experts say sales of Apple devices are falling due to weakening demand.
At the end of December, Microsoft Corporation spent record amount of money to give gamers free video games.
existed before named Disadvantages of using old iPhone models in Russia.