With a $3 trillion market capitalization, Microsoft surpasses Apple
Microsoft’s market capitalization has reached 3 trillion USD for the first time since the company has started. The company was initiated 48 years ago. This marks Microsoft as the second company after Apple that was able to reach the milestone of $3 trillion market capitalization. Moreover, Microsoft is currently the most valuable company worldwide. From the beginning of this year, these two tech giants have been competing for the highest market values.
For Apple it took thirty-four months to reach the milestone of $3 trillion whereas Microsoft achieved the same target within thirty-one months. this achievement makes Microsoft the very first company to reach this milestone in shortest duration. As you can see, Microsoft is fast expanding, owing primarily to the company’s strong focus on artificial intelligence (AI), which is becoming increasingly popular by the day. Microsoft has not only made significant investments in OpenAI, the company behind ChatGPT, whose products are in high demand, but it has also created Copilot.
Apple, on the other hand, has not been performing well in recent months. The demand for the company’s tablets and laptops has decreased globally. Demand for iPhones has also fallen in China, as people rally around Huawei, a home-grown brand, in a patriotic wave. Sales of its smartwatches may also fall dramatically now that the company offers the Watch Series 9 and Watch Ultra 2 without blood oxygen saturation monitoring. The Vision Pro may possibly be unable to improve the issue.
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