Microsoft has overtaken Apple in the ranking of the most valuable companies in the world – Kommersant
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The American corporation Microsoft has overtaken Apple in the ranking of the most valuable companies in the world, the agency reported. Reuters. Microsoft shares rose 1.6%, according to NASDAQ trading data, while Apple shares fell 0.9%.
Microsoft’s market value reached $2.875 trillion, and Apple’s market value reached $2.871 trillion. Apple’s market valuation fell below Microsoft’s capitalization for the first time since 2021, Reuters noted. At the time, the company’s shares were declining amid fears of supply chain disruptions due to the COVID-19 pandemic.
In the first days of January, Apple shares fell 3.3%, while Microsoft shares rose 1.8%. Apple shares fell amid analysts’ ratings that expect iPhone sales to decline. As noted BloombergAmong major technology companies, only Apple saw revenue decline for four quarters last year. On average, analysts expect the company’s revenue to grow by 3.6% in fiscal 2024.
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