This week, Microsoft and Apple reported their quarterly earnings. While Microsoft was able to beat analyst expectations, Apple fell short due to less then impressive iPhone sales worldwide.
As a result of the earnings, Microsoft’s stock value went up significantly in the past few days while Apple’s stock went down nearly 3.5% today. As per the current stock value, Microsoft has now become the most valuable company in the world with a market capitalization of 2.45T. Apple is right behind Microsoft with 2.43T market cap.
Microsoft last surpassed Apple in market cap in 2020.