According to AppleInsider , Apple and Microsoft have a long history of competing for the title of the world's most valuable company, but this has been limited to the technology sector. In 2010, Apple overtook Microsoft with a market capitalization of $222 billion, but Microsoft regained that lead in 2018.
Microsoft has an advantage over Apple in the battle for the world's most valuable company.
Now, the two companies continue to compete for the title of the most valuable company globally, across all sectors. In August 2020, Apple became the first US IPO to reach a market capitalization of $2 trillion, and Microsoft became the second in June 2021. By the end of October 2021, Microsoft had taken the lead, at one point outing Apple was worth as much as $100 billion more.
According to the latest data from MarketWatch, Microsoft is currently valued at approximately $100 billion less than Apple. Microsoft is valued at $2.73 trillion, while Apple is valued at $2.83 trillion. MarketWatch notes that Microsoft's stock rose 57% in 2023, compared to Apple's 48%. Microsoft's stock is also believed to have seen a smaller loss in early 2024.
On the other hand, Apple's stock has fallen significantly in recent days. The first blow came after Barclays announced that iPhone demand was weakening and the iPhone 16 line would not offer any compelling new features to entice users to upgrade.
Analysts believe that Apple's reliance on iPhone sales is partly why Microsoft is doing better. They see Microsoft becoming less tied to any single hardware product and more focused on subscription software like Office 365, thus less affected by declining demand for smartphones and tablets.
Notably, Microsoft has launched its AI chatbot tool, Copilot, while Apple has yet to reveal any similar ChatGPT-style applications or services. However, Apple has been using AI for years under the name Machine Learning.
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