In recent years, Apple has accustomed us to be at the top among the most valuable companies in the world, but apparently the first quarter of the year 2024 is not having that satisfactory start as far as the stock market is concerned, thus losing place to a not rival its segment of activity.
Microsoft surpassed Apple's market capitalization and became the most valuable public company in the world again. The company of Redmond has been strengthening its presence in the market with a firm commitment to AI and has experienced some instability on the sides of Cupertino to return to first place.
The software giant's shares have been rising in recent months thanks to its AI announcements. When it comes to Apple, the Cupertino company has been more unstable, as there are still concerns about iPhone sales. This led to these two technology giants swapping top spots in terms of market value during today's trading. Apple shares have been on a downward trend over the past month due to concerns about iPhone sales in China and potential weakness in iPhone sales. iPhone 15.
Both Microsoft and Apple have been competing for the position of most valuable private company for several years. Microsoft surpassed Apple's market capitalization in 2021, 2020, and 2018 before Apple once again regained its place at the top. Google also briefly took over Apple's market capitalization in 2016. Will Apple return to the podium?
