Microsoft Overtakes Apple as World's Most Valuable Company [Updated]

Microsoft today overtook Apple as the world's most valuable public company by market value. Apple's share price dropped by just one percent, enabling Microsoft to narrowly pull ahead of Apple at a value of $2.87 trillion.

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Microsoft has briefly overtaken Apple as the most valuable company since 2018, most recently in 2020 and 2021 when concerns about supply chain shortages dented Apple's stock price and a boom in remote working bolstered Microsoft. Over the past year, Microsoft's support for artificial intelligence tools by backing OpenAI has helped boost its value, while equivalent offerings from Apple have been noticeably absent.

In its November earnings report, Apple's sales results missed expectations as demand for iPads and wearables was lower than expected. Mac revenue also saw a major drop compared to the previous year. It is yet to be seen how responses to the Vision Pro headset will influence the market, but expectations are relatively low due to low sales forecasts and the device's high price point.

Update 1:40 pm: By the close of the regular trading day, Apple had retaken the top spot in market capitalization at $2.89 trillion compared to Microsoft's $2.86 trillion, and the companies may swap places multiple times in the coming days and weeks as they remain close in value.

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Top Rated Comments

fel10 Avatar
23 weeks ago
Gotta love the fanboys

Apple is number 1: congratulations apple, this is amazing

Another company becomes number 1: does it matter?
Score: 86 Votes (Like | Disagree)
Sorinut Avatar
23 weeks ago
Does it really matter?
Score: 33 Votes (Like | Disagree)
23 weeks ago
Maybe if Apple didn't get so greedy with Apple One family pricing, people like me would have continued to pay for the service. Their increase caused me to cut my monthly Apple services spending by 2/3.
Score: 33 Votes (Like | Disagree)
iphonehype Avatar
23 weeks ago
Microsoft are doing very well in the Enterprise field, the work they've done with Copilot is pretty awesome. It's definitely going to change how people do work day to day. I wonder if Apple will ever complete with Microsoft productivity suite and Enterprise Cloud services for the everyday business
Score: 31 Votes (Like | Disagree)
indychris Avatar
23 weeks ago
Mr Cook, walk the plank!
Score: 22 Votes (Like | Disagree)
arkitect Avatar
23 weeks ago
I am sure this is a dagger to the heart for many, but goodness:

Does this really matter at all?
Score: 21 Votes (Like | Disagree)