American technology company Microsoft ranked first in the world in terms of value among publicly traded companies, ahead of its rival Apple. According to reports, Microsoft’s capitalization reached $2.89 trillion compared to Apple’s $2.87 trillion oppression Bloomberg.
On Friday, January 12, shares of the creator of the Windows operating system rose 1% to $388.47 per share, while shares of the iPhone maker rose 0.2%. Microsoft surpassed Apple in value for the first time since November 2021.
According to the experts interviewed, Microsoft’s financial success is based on a much clearer roadmap for artificial intelligence (AI) technologies.
Apple shares, on the contrary, began to decline in price in December 2023 due to concerns about declining sales of the iPhone 15. This is partly due to a decision by Chinese authorities to ban government employees from using Apple smartphones at work. Rating companies have downgraded the value of Apple’s securities, causing the company to lose approximately $162 billion in market value since the beginning of 2024.
Previously Microsoft spent Record amount of distribution of free video games.