Microsoft beats Apple anew as the world's most valuable public company

Microsoft on Friday bested Apple in market cap making it the world's most valuable publicly-traded company again. 
Microsoft beats Apple anew as the world's most valuable public company
Microsoft beats Apple

Microsoft is on top again!

CNBC reported that Microsoft had a market cap of nearly 2.49 trillion (around PHP 125.8 trillion) versus Apple with 2.46 trillion (around PHP 124.3 trillion). 

Apple missed Wall Street expectations in the company's fiscal fourth-quarter due to supply claim constraints. Apple CEO Tim Cook told CNBC that the revenue shortfall is estimated at USD 6 billion be he expects worse supply claim issues in the December quarter.

The sales of iPhones were up by 47 percent over year but also fell short of analyst expectations and Apple's fourth-quarter only included a few days of iPhone 13 sales.

Microsoft last topped Apple in market cap in 2021. In June, the company also became the second American publicly listed company to hit the 2 trillion mark in market value. It also beat expectations in its fiscal first quarter, which claimed 22 percent YoY.

Microsoft also shared positive earnings from Office, Windows, and its cloud products.

On Tuesday, Microsoft also shared positive earnings boosted by Office, Windows, and its cloud products.

What do you guys think?

Source: CNBC
Microsoft beats Apple anew as the world's most valuable public company Microsoft beats Apple anew as the world's most valuable public company Reviewed by Telenor Editorial on October 29, 2021 Rating: 5

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