Those from Cupertino are once again overtaken by Microsoft in terms of stock market, so today Apple is no longer the most valuable company in the world
Those of Cupertino fall a notch and Microsoft is the most valuable public company in the world with a market value of $2.87 trillion.. In fact, Apple’s stock price only fell 1%. An event which was repeated on other occasions but which was brief. When will Apple be on top again?
Between the pandemic, Apple was overtaken by Microsoft
From 2018 to 2021, the Redmond, Washington-based company outperformed Apple on the stock market. The biggest happened when Apple’s supply chain was vulnerable and the rise of remote work has benefited Microsoft. Last year, with everything that was seen in terms of artificial intelligence, Microsoft increased its value precisely by supporting OpenAI as a tool.
Satya Nadella is a major investor and partner of OpenAI
On the Apple side, there is no Apple presence in this regard at the moment, although we will most likely see movement throughout 2024. Last November, those in Cupertino did not respond to the sales expectations. Demand for iPads and portable devices such as Macs has been weaker. What could help Apple immediately is the response to the launch of the Apple Vision Pro.. The only one who is convinced that the sale will be successful is the famous analyst Ming-Chi Kuo.
The rivalry of Apple and Microsoft on all fronts
Historically, they have been direct rivals since their inception.. The war between Steve Jobs and Bill Gates has had many episodes. One of them when those from Cupertino accused Microsoft of copying the style of their computers in terms of drop-down menus.
Apple and Microsoft in an eternal dispute
The launch of the iPhone catapulted Apple for the first time and by 2010, Microsoft was overtaken in stock value. According to figures from the economic sector of El País, Microsoft has started an excellent financial year. The cloud computing business was key, reaching revenue of $56.517 million.
The top companies are rounded out by Google ($1.8 trillion), Amazon ($1.6 trillion), and Nvidia ($1.35 trillion). It seems, This 2024 will be a year where innovation will dictate who will have leadership in the stock market thanks to artificial intelligence. Will Apple succeed in dominating Microsoft? With the announcement of the Apple Vision Pro, Apple once again set a new record in its stock value.
Indeed, Apple lost first place in May 2022 to an energy company which was Aramco. All this tells us that those from Cupertino do not only compete with technologies. Will there be anything else artificial intelligence can help those in Cupertino? There is no doubt that the Vision Pro will play at this pace on February 2.
