Microsoft Overtakes Apple as World's Most Valuable Company [Updated]
Microsoft today overtook Apple as the world's most valuable public company by market value. Apple's share price dropped by just one percent, enabling Microsoft to narrowly pull ahead of Apple at a value of $2.87 trillion.
Microsoft has briefly overtaken Apple as the most valuable company since 2018, most recently in 2020 and 2021 when concerns about supply chain shortages dented Apple's stock price and a boom in remote working bolstered Microsoft. Over the past year, Microsoft's support for artificial intelligence tools by backing OpenAI has helped boost its value, while equivalent offerings from Apple have been noticeably absent.
In its November earnings report, Apple's sales results missed expectations as demand for iPads and wearables was lower than expected. Mac revenue also saw a major drop compared to the previous year. It is yet to be seen how responses to the Vision Pro headset will influence the market, but expectations are relatively low due to low sales forecasts and the device's high price point.
Update 1:40 pm: By the close of the regular trading day, Apple had retaken the top spot in market capitalization at $2.89 trillion compared to Microsoft's $2.86 trillion, and the companies may swap places multiple times in the coming days and weeks as they remain close in value.
Popular Stories
Apple released the AirTag in April 2021, so it is now three over and a half years old. While the AirTag has not received any hardware updates since then, a new version of the item tracking accessory is rumored to be in development.
Below, we recap rumors about a second-generation AirTag.
Timing
Apple is aiming to release a new AirTag in mid-2025, according to Bloomberg's Mark Gurman....
While the Logitech MX Master 3 is a terrific mouse for the Mac, reports claiming that Apple CEO Tim Cook prefers that mouse over the Magic Mouse are false.
The Wall Street Journal last month published an interview with Cook, in which he said he uses every Apple product every day. Soon after, The Verge's Wes Davis attempted to replicate using every Apple product in a single day. During that...
Apple is set to release iOS 18.2 next month, bringing the second round of Apple Intelligence features to iPhone 15 Pro and iPhone 16 models. This update brings several major advancements to Apple's AI integration, including completely new image generation tools and a range of Visual Intelligence-based enhancements. There are a handful of new non-AI related feature controls incoming as well....
In a research note with Hong Kong-based investment bank Haitong today, obtained by MacRumors, Apple analyst Jeff Pu said he agrees with a recent rumor claiming that the so-called "iPhone 17 Air" will be around 6mm thick.
"We agreed with the recent chatter of an 6mm thickness ultra-slim design of the iPhone 17 Slim model," he wrote.
If that measurement proves to be accurate, there would be ...
It appears that Apple is discontinuing the Lightning to 3.5mm headphone jack adapter that it released alongside the iPhone 7 and iPhone 7 Plus in 2016.
The adapter was recently listed as "sold out" on Apple's online store in the U.S. and most other countries, according to MacRumors contributor Aaron Perris. The adapter remains available from Apple in only a handful of countries, such as...
Between around 2009 and 2011, it was repeatedly rumored that Apple would be releasing a TV, but that obviously never happened.
Now, a decade-and-a-half later, Bloomberg's Mark Gurman says the idea is back on the table.
In his Power On newsletter today, Gurman briefly mentioned that Apple has been "evaluating" the "idea of making an Apple-branded TV set." He did not provide any further...
