Microsoft surpasses Apple to become the world’s most valuable company

This Thursday (11) Microsoft overtook Apple to become the most valuable public company. Changing positions on the Nasdaq exchange It must be a result of the numerous announcements regarding advances in artificial intelligence (AI).

According to BorderApple’s share value has been declining in recent months due to concerns about China and expectations that the iPhone 15 will not sell well.

As stated by Reuters, Microsoft shares closed 0.05% higher, bringing the total value to $2.859 trillion. At one point, the company’s shares were worth US$2.903 trillion, while Apple’s shares were worth US$2.886 trillion.

Meanwhile, Microsoft has made numerous announcements regarding artificial intelligence. Currently, the company is adopting the technology across almost the entire ecosystem, becoming a part of enterprise services, cloud, and end-consumer products like Windows.

iPhone 15 made a profit

Although the expectation was that there would be a decrease in sales of the iPhone 15, the launch made Apple more money than the iPhone 14. January 2023.

At the time, the company was also highlighting record revenue from services. The platforms generated $22.31 billion in revenue for the company.

Apple and Microsoft have been competing for the top spot for years. Other years in which the Windows owner took over the position were 2018, 2020 and 2021.

Even Google surpassed Apple to become the most valuable public company in 2016.