Categories: International

Microsoft surpasses Apple to become world’s most valuable company

Microsoft Corp. has surpassed Apple Inc. to become the world’s most valuable publicly-traded company by market capitalisation. At market close on October 29, 2021, Apple stood at about $2.46 trillion while Microsoft reached nearly $2.49 trillion. Apple had held the top position for more than a year.

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Microsoft became the second US public firm to surpass a $2 trillion market value in June, driven by expectations that its dominance in cloud computing and enterprise software will expand further in a post-coronavirus future. This year, its stock has outpaced Apple and Amazon.com Inc. on forecasts of long-term earnings and revenue growth, as well as expansion in areas such as machine learning and cloud computing. Microsoft is up more than 49%, Apple is up around 13%, and Amazon is up more than 3%.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.