Microsoft had now passed Apple as to become the world’s most valuable company as it is a publicly-traded company. This is because Apple missed its mark in the trading node last week. This is why we are seeing such a change happen.
It is indeed something that is news to be noted. Microsoft had to be known to be having a market cap that had gone to be of nearly $2.49 trillion at market close, in comparison to which we see that of Apple’s which stood at about $2.46 trillion.
Microsoft had gone on a lucky streak as they had beat all of the revenue expectations that had been made prior to in its fiscal first quarter. Thus it should be noted that their revenue had gone up which has known to have climbed about 22% year over year.
This might just be their fastest growth. Apple is known as the first company to have ever reached 1 trillion dollars and 2 trillion dollars in terms of market cap. It is known as the world’s most valuable publicly-traded company. It had gone on last year, and it had surpassed the state oil giant of Saudi Arabia known as Aramco.
Now Microsoft and Apple had always been neck to neck with each other. This is by no means the first time that Microsoft had topped Apple. It had happened before too in the year of 2020 as when the coronavirus was spreading all over the world and it was affecting the supply chains of all the big companies on the market.
The first time this happened was in June when the first major update of Microsoft came after a period of 5 years in one long run. This makes sense to be like the case and now it seems to be happening again.
That is all that we have for now. The news on this is still running, so we don’t know what will happen in the future, but we do hope that we will get the updates soon so that we can bring them back to you. So keep your eyes open on the news!
