Microsoft Overtakes Apple to Become World’s Most Valuable Company

New York, January 13, 2024 — In a historic milestone, Microsoft surpassed Apple in market capitalization on Friday, reclaiming the title of the world’s most valuable company for the first time since 2021. The shift reflects Microsoft’s success in artificial intelligence (AI) against Apple’s struggles with smartphone demand.

Read More: https://www.slashinsider.com/microsoft-overtakes-apple-most-valuable-org/

Microsoft edges ahead:

• Microsoft’s market cap surpasses Apple’s for the first time since 2021.
• Microsoft’s stock rises 1%, reaching $2.887 trillion, its highest ever.
• Apple’s stock creeps up 0.2%, but lags behind with $2.875 trillion market cap.

AI fuels Microsoft’s ascent:

• Strong performance in generative AI propels Microsoft’s stock price.
• Investment in ChatGPT maker OpenAI gives Microsoft an edge.
• AI integration across Microsoft’s software bolsters cloud business.

Apple faces headwinds:

• iPhone demand stumbles, impacting Apple’s market share.
• China’s sluggish economy and Huawei’s competition add pressure.
• Recent product bans and tepid demand for other devices hinder Apple.

Vision Pro launch uncertain:

• Apple’s new mixed-reality headset debuts February 2nd.
• Analysts expect “relatively immaterial” impact on Apple’s earnings.

Future outlook:

• Microsoft’s cloud business expected to see continued growth.
• Apple’s December quarter revenue forecast falls short of expectations.
• Analysts predict a slow revenue increase for Apple in 2024.

Key takeaways:

• Microsoft’s AI focus and strong cloud performance pay off.
• Apple faces challenges with slowing iPhone sales and external pressures.
• Both tech giants look towards future product launches and potential market shifts.

Read More: https://www.slashinsider.com/microsoft-overtakes-apple-most-valuable-org/