Microsoft becomes world's most valuable company overtaking Apple
11 months, 2 weeks ago

Microsoft becomes world's most valuable company overtaking Apple

India TV News  

In the race to be the most valuable IT company, Microsoft overtook Apple on Thursday. Washington-based Microsoft became the world's most valuable company after the iPhone maker's shares made a weak start to 2024 due to growing concerns over demand. What analyst said DA Davidson analyst Gil Luria said, "It was inevitable that Microsoft would overtake Apple since the former is growing faster and has more to benefit from the generative AI revolution." The brokerage added Apple's services business - a bright spot in recent quarters - faces threats as regulators deepen scrutiny of a lucrative deal that makes Google the default search engine on iOS. Microsoft has briefly taken the lead over Apple as the most valuable company a handful of times since 2018, most recently in 2021 when concerns about COVID-driven supply chain shortages hit the iPhone maker's stock price.

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