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BREAKING
Commander-in-Chief of Iran’s Islamic Revolution Guard Corps, Major General Mohammad Pakpour: If the enemy makes a mistake, we will respond forcefully, just as we have over the past 12 days
Macron: Reaffirmed importance of using the path of negotiations regarding Iran's nuclear capabilities
Macron: Told 'Israel's' Netanyahu that he shares with him the objective that Iran should never have nuclear weapon
Macron: Reaffirmed to 'Israel's' Netanyahu the need for ceasefire in Gaza
Macron: Spoke to Netanyahu, highlighted mportance of respecting 'Israel'/Iran ceasefire
Iranian Health Ministry: Israeli aggression on Iran has resulted in the martyrdom of 627 people and the injury of 4,870 others across various provinces of the country
Khatam al-Anbiya Headquarters mourns its commander, Ali Shadmani, who succumbed to severe wounds sustained during last week's Israeli aggression on Iran
Hamas: Any agreement must guarantee a cessation of aggression and war against our people, a permanent ceasefire, and a complete withdrawal of occupation forces from the Gaza Strip
Hamas: We affirm our continued positive engagement with the mediators' efforts and with any serious ideas or proposals that could lead to a comprehensive agreement
US President Donald Trump: US will talk with Iran next week

Microsoft's valuation surpasses Apple's in two-year first

  • By Al Mayadeen English
  • Source: News websites
  • 13 Jan 2024 10:29
3 Min Read

Microsoft has secured the world's highest valuation to Apple's downturn, driven by low demand for smartphones.

  • x
  • Microsoft's valuation surpasses Apple: 1st time in 2 Years
    Microsoft CEO Satya Narayana Nadella speaks during a so-called Fireside-Chat with the CEO of German carmaker Volkswagen (unseen) in Berlin, Germany, on February 27, 2019. (AFP)

Microsoft's stock market value ended Friday's trading session higher than that of Apple for the first time since 2021, making it the world's most valuable company.

Although Apple's shares have seen a substantial decline in valuation at the start of the year, its shares crept up by 0.2% on Friday, while its market capitalization was $2.875 trillion on Thursday. However, Microsoft's shares saw a larger increase of 1% on Friday, raising the company's capitalization to $2.887 trillion, according to LSEG data.

Overall Apple's shares have seen a 3% hit in 2024, due to concerns about smartphone demand, a few months after it launched its all-new iPhone 15. On the other hand, Microsoft shares have seen a 3% overall increase, due to successful investment in the artificial intelligence sector, specifically in OpenAI, which launched ChatGPT in November 2022.

Related News

Apple's iPhone 15 shows US does not understand own tech war on China

Apple committed to fixing overheating problem in latest iPhone

Investing heavily in AI

As the company' encroached on its third straight quarter of falling revenues, in August 2023, Apple CEO Tim Cook stated that the corporation would be investing extensively in artificial intelligence (AI). The announcement coincided with the company's worst sales numbers since 2016 and did little to push up its valuation, from a presenting downward trend.

Cook told Reuters that the increased Research and Development (R&D) investment was driven in part by work on generative artificial intelligence, the same sector that is driving spending at Alphabet and Microsoft.

According to a recent report by The Guardian, decreased demand in China for Apple's most recent product, the iPhone 15, has driven realized sales down, which comes in part due to the resurgence of Huawei in local markets. The Chinese tech company faced harsh sanctions by the United States, after acquiring a substantial 13% market share in 2018, marking unprecedented numbers in a highly-contested market. US sanctions banned the phone maker from accessing essential software and hardware, which would have kept it up-to-date with industry leaders. 

Recently, the company resurfaced after launching its flagship Mate 60 Pro smartphone, which utilizes the all-new 5G-capable Kirin 9000s chip. Powering its device with an advanced 7-nanometer processor, dubbed Kirin 9000S, highlighted the Chinese company's willpower to overcome US bans and restrictions.

Read more: Microsoft to fire 10,000 employees in 5% workforce cut: Reports

  • iPhone 15
  • ChatGPT
  • openAI
  • Stock market
  • Apple
  • Huawei
  • Microsoft

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Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

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Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

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