Microsoft surpasses Apple and become the most valuable company in the world

This week, Microsoft and Apple released their quarterly earnings. While Microsoft was able to exceed analysts’ expectations, Apple fell short due to less impressive iPhone sales worldwide. As we know, the Apple company relies heavily on its smarpthones to perform well.

As a result of the earnings, the value of theMicrosoft shares rose significantly in recent days, while the actions of the Apple are down almost 3.5% today. According to the current value of the shares, the Microsoft now became the most valuable company in the world, with a market capitalization of 2.45 trillion dollars. Apple is right behind Microsoft with a market cap of 2.43T.

Microsoft surpassed Apple in market capitalization for the last time in 2020. This is always a dance of chairs, but right now Redmond is the most financially powerful company on the planet.