Apple is now worth $540 billion less than Microsoft — a Tesla-sized gap (2024)
The iPhone maker's market capitalization stood at $2.65 trillion at Thursday's close, compared to $3.19 trillion for Microsoft. Apple was worth $3 trillion, or about $200 billion more than Microsoft, at the end of December.
The gap in market value reflects the difference in how their stocks have performed this year. Apple shares have slumped 11%, while Microsoft's shares have jumped 14%.
Apple has also suffered a slowdown in China sales. Moreover, it was fined nearly $2 billion by EU competition regulators earlier this month for abusing its market dominance to hurt Spotify and other music-streaming apps.
The Department of Justice followed that up by slapping Apple with an antitrust lawsuit on Thursday. It accused the technology giant of having an "illegal monopoly on smartphones" that harms consumers and developers and stifles competition.
Meanwhile, Microsoft stock has surged this year, fueled by excitement about its stake in ChatGPT's parent company, OpenAI, and its potential to be a key player in the artificial-intelligence revolution.
Microsoft has launched its own AI tools, such as Copilot, and as one of the three main cloud providers along with Amazon and Alphabet, it's poised to profit from another computing boom.
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CEO Satya Nadella's company is also growing at a good clip. In the final six months of 2023, revenues rose 15% year-over-year to about $119 billion, and net income jumped 30% to over $44 billion, per its latest earnings report.
For a rough comparison, Apple's annual report for 2023 shows its revenues dipped by 3% to $383 billion, and its net income slid by 3% to $97 billion.
Apple might close the value gap and even overtake Microsoft again in the future. But for now, you could drive a Tesla between the two companies.
Apple is worth a whopping $540 billion less than Microsoft, a gap the size of Tesla's market value. The iPhone maker's shares are down 11% this year, while the software giant's are up 14%. Apple is facing growth concerns and regulatory fights, while Microsoft is riding high on AI buzz.
June 12 (Reuters) - Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology.
Microsoft overtook Apple to become the world's most valuable publicly traded company for the first time in more than two years, as worries over smartphone demand have weighed on the iPhone-maker's stock in recent weeks.
The ownership structure of Apple (AAPL) stock is a mix of institutional, retail and individual investors. Approximately 48.72% of the company's stock is owned by Institutional Investors, 0.11% is owned by Insiders and 51.17% is owned by Public Companies and Individual Investors.
Apple is the largest company in the world, with a market cap of $3.48 trillion. It's followed by Microsoft ($3.10 trillion), Nvidia ($2.94 trillion), Alphabet ($2.03 trillion), and Amazon ($1.87 trillion).
Chip designer and artificial intelligence juggernaut Nvidia narrowly topped Microsoft's market capitalization Tuesday to become the world's most valuable public company, less than two weeks after it surpassed Apple's market cap following months of strong stock gains.
Apple scored higher in 1 area: Compensation & Benefits. Microsoft scored higher in 8 areas: Overall Rating, Culture & Values, Work-life balance, Senior Management, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook.
For smartphones and other mobile devices, Android leads with 71.67% market share, and Apple's iOS has 27.73%. For desktop computers and laptops, Microsoft Windows is the most used at 71.47%, followed by Apple's macOS at 15.45%, desktop Linux at 4.55%, and Google's ChromeOS at 1.73%.
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