Apple's market value was overtaken by Microsoft, reaching US$2.89 trillion (Update: Market value has been overtaken)

22:52 Update: Microsoft’s market value has been overtaken by Apple again. As of press time, Microsoft rose 0.87%, with a market value of 2,869.671 billion; Apple fell 0.76%, with a market value of 2,873.682 billion. Previously, Microsoft's market value once surpassed Apple's.

News from this site on January 11, as Apple’s stock price continues to fall at the beginning of the new year, the market value gap between the company and Microsoft has narrowed to the narrowest level since November 2021. Today, Microsoft's market value surpassed Apple's, which means that Microsoft has regained the title of the most valuable company in the United States.

As of the time of publication, Microsoft’s market capitalization reached US$2.89 trillion, while Apple’s was US$2.88 trillion.

Microsoft has surpassed Apple as the most valuable company by market capitalization several times since 2018, most recently in 2021 when concerns about pandemic-related supply chain shortages hurt Apple’s stock price.

Apple’s market value reached a peak of US$3.081 trillion on December 14 last year. According to a report from analysts at Jefferies, iPhone sales in China declined in the first week of 2024. 30%.

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