The American company Microsoft announced yesterday, Friday, that its shares closed with a rise of 1%, bringing the company’s market value to 2.887 trillion dollars, and Microsoft thus surpasses Apple for the first time since 2021. Apple shares rose 0.18% to finally close yesterday, bringing Apple’s market value to 2.875 trillion dollars, and Saudi Aramco Oil Company ranks third in terms of market value.
Apple maintained its first place among the most valuable companies in the world, crowned last December with a value exceeding 3,000 billion dollars, and then returned to second place, thus contributing to the recovery of Apple shares, which had increased in the first quarter by 54%. 11 months of 2023. This included the launch of its new iPhone and MacBook series phones, announced in September.
Apple, founded in 1976 and a leader in the world of smartphones, revealed that last year’s third quarter was its most profitable ever, and analysts expected at the time that the company would break records during the latest quarter, which included the holiday season, but Apple issued forecasts: the latest quarter was lower than what analysts reported, and this included a drop in demand for iPhones, which led to a drop in its shares of 0.6 % since the beginning of this year. it has lost its position as the world’s most valuable company a few times since occupying it in 2011, one of which was briefly in 2019, with the inclusion of Saudi Aramco.
Microsoft thus regains the top after struggling to conquer it and achieving it at Apple’s expense for short periods, the last of which in 2021 due to concerns about Apple’s supply chain with the continuing repercussions of Covid-19. by 3.9% since the beginning of this year with the support of artificial intelligence technology.
Analysts expect Microsoft to post a 16% increase in fourth-quarter revenue to $61.1 billion, and the company will announce business results on the 13th of this month.
2024-01-14 00:06:38
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