Microsoft is the most valuable company in the world
Microsoft is once again the most valuable company in the world, in terms of market cap based on the assessments that emerged at the close of the market last night, having also beaten Apple after months of domination by the Cupertino house.L 'decisive element was the loss by Apple of 6 billion dollars due to the problems of assembling the products that slow down the distribution of the devices, in the face of very positive results.
Microsoft returns to the top of the ranking of companies with the largest market cap in the world Microsoft has also shared the same problems, but with more positive results in general thanks to the push of sectors unrelated to hardware, such as Office, Windows and cloud.
At the close of the market on Friday evening, Microsoft's total market value was about $ 2.49 trillion, or nearly $ 2.5 trillion according to US numbers, while Apple stopped to 2.46 trillion. Thus, the long streak of months that has seen Apple at the top of the ranking of companies with the highest market value is interrupted.
It is not the first time that Microsoft has overtaken it: the last time was it was in July 2020, while in other cases it was Alphabet, the Google company, to overtake Apple at the top. We recently saw how gaming revenues were above expectations in the first quarter of fiscal 2022, and that Microsoft is aiming for strong Xbox growth with Halo Infinite, Game Pass and cloud on consoles.
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Microsoft passes Apple to become the world's most valuable company
Microsoft passed Apple in market cap on Friday, making it the world's most valuable publicly traded company, after Apple missed earnings expectations on Thursday.
Microsoft had a market cap of nearly $2.49 trillion at market close, while Apple's stood at about $2.46 trillion.
Apple reported on Thursday that revenue missed Wall Street expectations in the company's fiscal fourth quarter, a result of supply chain constraints. CEO Tim Cook told CNBC's Josh Lipton the revenue shortfall is estimated at $6 billion, but he expects worse supply chain issues in the December quarter.
Sales of iPhones at the company were up 47% year over year but also fell short of analyst expectations. The company's fourth quarter only included a few days of iPhone 13 sales.
Microsoft beat revenue expectations in its fiscal first quarter, which climbed about 22% year over year. That was the fastest growth since 2018, CNBC previously reported.
Apple was the first company to reach a $1 trillion and $2 trillion market cap. It became the world's most valuable publicly traded company when it surpassed state oil giant Saudi Aramco in market cap last year.
Microsoft last topped Apple in market cap in 2020 as the coronavirus pandemic wreaked havoc on supply chains. It first closed above a $2 trillion market cap in June after revealing the first major update to Windows in more than five years.
At market close, Microsoft's stock was up more than 48% year to date, while Apple's had risen almost 13%.
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