January 11, 2024Anmol Nagpal

Microsoft to become world’s most valuable company in 2024

Microsoft seems to be set to overtake Apple as the world’s most valuable company.

Source: Microsoft

This development comes in the wake of a recent dip in Apple’s stock, fuelled by concerns over iPhone sales.

Source: Unsplash

Apple’s shares have fallen by 4 per cent in 2024, following a 48 per cent rally last year.

Source: Unsplash

In contrast, Microsoft’s shares have risen by about 2 per cent this year, building on a 57 per cent surge in 2023.

Source: Unsplash

On Wednesday, Apple’s shares dipped by 0.4 per cent, while Microsoft’s rose by 1.6 per cent, further narrowing the gap between the two tech giants.

Source: X Photo

Apple’s current market value stands at $2.866 trillion, with Microsoft hot on its heels at $2.837 trillion.

Source: ANI

Apple’s market capitalisation reached its peak at $3.081 trillion on December 14, while Microsoft’s value hit a high of $2.844 trillion on November 28.

Source: Pexels

Microsoft has briefly surpassed Apple as the most valuable company a few times since 2018, most recently in 2021.

Source: Freepik

Apple is set to launch its Vision Pro mixed-reality headset on February 2 in the United States, marking its biggest product launch since the iPhone in 2007.

Source: Apple

Analysts expect Microsoft to report a 16% increase in revenue to $61.1 billion, driven by ongoing growth in its cloud business.

Source: Freepik