Microsoft Surpasses Apple in Market Value Amid iPhone Demand Concerns

On Friday, Microsoft’s market value surpassed that of Apple for the first time since 2021, making it the world’s most valuable company. Apple’s shares inched up by 0.2 percent, while Microsoft saw a 1 percent increase, resulting in a record market capitalization of $2.887 trillion (approximately Rs. 2,39,26,500 crore), according to LSEG data. In contrast, Apple’s market capitalization was $2.875 trillion (roughly Rs. 2,38,27,300 crore), based on data from a filing on Thursday. Apple’s shares have declined by 3 percent in 2024 due to concerns about smartphone demand, following a 48 percent surge in the previous year. In contrast, Microsoft … Continue reading Microsoft Surpasses Apple in Market Value Amid iPhone Demand Concerns