Microsoft exceeded on Friday Apple-this market capitalization and became the most valuable public company in the world. The change followed Apple’s earnings on Thursday, where the company announced strong results, but revealed that it lost 6 billion dollars due to limitations in the supply chain. Microsoft also shared positive earnings on Tuesday, boosted by Office, Windows and its cloud products.
At the close of market on Friday, Microsoft’s market capitalization was nearly $ 2.49 trillion, while Apple’s was around $ 2.46 trillion, according to CNBC. This is not the first time that Microsoft has overtaken Apple; Windows maker surpassed Apple’s market capitalization in 2018 for the first time since 2010 and once again in July 2020 (Alphabet also took the crown from Apple, surpassing Apple’s 2016 market capitalization)
But Apple has been a market leader for some time, as the first U.S. company to reach a $ 1 trillion market capitalization in 2018, and, just two years later, it became the first U.S. company to reach a $ 2 trillion market capitalization. As the portal writes The Verge, it is not impossible that Apple will soon regain the title of the most valuable company in the world.
More Microsoft news: Microsoft added a 2TB and 512GB SSD expansion for the Xbox Series X and S
Microsoft passes Apple to become most valuable company