Microsoft Threatens to Overtake Apple as the World’s Most Valuable Company

A recent dip in Apple’s stock over worries about iPhone sales has left the Silicon Valley tech heavyweight in danger of being overtaken by Microsoft as the world’s most valuable company.

Fresh worries about smartphone demand have pushed Apple’s shares down 4% so far in 2024 after rallying 48% last year. Microsoft is up about 2% year to date after surging 57% in 2023.

Apple dipped 0.4% on Wednesday, while Microsoft added 1.6%, further eroding the iPhone maker’s lead. Apple’s stock market value is now at $2.866 trillion, compared to Microsoft’s $2.837 trillion value.

Read the source article at U.S. News