Microsoft Market Value Soars Above Apple
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The Microsoft company surpassed Apple in market value on Friday, becoming the most valuable company for public trading in the world.
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Microsoft has once again become the most valuable listed company.
Apple inc. listed ,on Thursday, revenue less than Wall Street expectations during its fourth-quarter which ended in September namely due to disruptions in supply chains.
The prior most valuable company in the world's CEO Tim Cook divulged that the shortfall is estimated at $6 billion, expecting worse supply chain problems during the coming quarter, ending in December.
The company's data from the fourth quarter indicated iPhone 13 sales for a few days. Although iPhone sales increased by 47% year over year, they fell short of analyst predictions.
Despite the fact that iPhone sales climbed by 47% year over year, they fell short of analyst expectations.
Microsoft exceeded sales estimates for the quarter, with a year-over-year increase of nearly 22%, the fastest since 2018.
Apple was the first firm to attain a market value of one trillion dollars and the first to reach a value of two trillion dollars, and it surpassed Saudi Aramco last year to become the most valuable company in the world.
