- Microsoft Overtakes Apple as Most Valuable Company
Microsoft briefly toppled Apple as the world’s most valuable company on Monday.
Microsoft market capital rose to $812.93 billion to overtake Apple $812.60 billion for the first time in eight years on Monday.
Apple Inc first overtook Microsoft as the most valuable company in 2010, with The New York Times describing the moment as “the end of an era and the beginning of the next one.” Since then Apple has experienced exponential growth and rose as high as $1 trillion in market capitalisation this year.
However, the uncertainty surrounding iPhone sales, which still make up almost 60 percent of Apple’s total revenue, is weighing on Apple’s attractiveness as most investors were concerned the expensive phones may start dropping in sales amid growing alternatives.
In November, immediately Apple announced it may miss Wall Street target during the holiday quarter, the stock price declined. While Microsoft’s stock, despite all the recent challenges, remained resilient.
Microsoft now focused on cross-platform technologies, the cloud, artificial intelligence, and is aiming to secure the future of quantum computing and mixed reality computing.
All these will still face stiff competition from Google, Apple, Amazon, Facebook and other tech giants. So we can’t wait to see who rule next.
