Microsoft dethrones Apple as the world’s most valuable public company

For the first time in over two years, Apple is no longer the world’s most valuable public company. On Friday, Microsoft narrowly surpassed Apple and can now claim that title. According to data compiled by , Microsoft closed the day on Friday with a $2.89 trillion market capitalization. Apple, meanwhile, closed the day at a measly $2.87 trillion market value.

Apple first took the crown of the world’s , dethroning Exxon Mobil. It has held the title for the majority of the last decade. This marks the first time Microsoft has closed with a higher market capitalization than Apple. Apple stock has gotten off to a slow start in 2024, with multiple analysts expressing concerns about .

So far in 2024, Microsoft stock has risen 3.3%, while Apple has dropped by 3.4%. Apple is set to report its Q1 2024 on February 1, covering the holiday shopping season. The earnings release comes one day before to be released in the United States. 9to5Mac’s Take Here’s a headline from one month ago on December 13, 2023: “ .” I think Apple is going to be just fine.

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