Microsoft’s new focus in Office, Windows, and its cloud products seems to be paying off. At Friday’s market close, Microsoft’s market cap was almost $2.49 trillion while Apple’s was about $2.46 trillion, according to CNBC.
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It is now safe to say that Microsoft has surpassed Apple’s market cap to become the world’s most valuable public company. The change follows Apple’s Thursday earnings, where the company posted strong results but revealed that it lost $6 billion to supply chain constraints.
This is not Microsoft’s first rodeo to pass Apple; the Windows-maker surpassed Apple’s market cap in 2018 for the first time since 2010 and once again in July 2020. (Alphabet has also taken the crown from Apple, surpassing Apple’s market cap in 2016.)
Thanks to the iPhone and other products, Apple has been a leader in the markets for some time, being the first company in the west to hit a $1 trillion market cap in 2018 and, just two years later, becoming the first company to hit a $2 trillion market cap. It’s a ping pong game between Microsoft and Apple so it will come as no surprise that Apple retakes the title of the world’s most valuable company sometime soon.
