Microsoft passes Apple as world's most valuable companyApple's market cap has fallen to a meager $2.44 trillion.
What you need to know
Apple is no longer the world's most valuable company.
That honor now falls to Microsoft following the opening of today's markets.
Microsoft is now worth $2.44 trillion.
As the markets opened today, Microsoft passed Apple as the world's largest company, the first time in 16 months that Apple hasn't held the top spot.
Apple shares slid at the open this morning despite record Q4 revenues, as Tim Cook warned that the global chip shortage would impact the company into the holiday season. Microsoft's shares are up slightly, giving it a market cap of $2.45 trillion at the time of publication, compared to just $2.44 for Apple. Of course, there's plenty of trading left in the day, so the standings might not finish like this, but it's still a momentous day nonetheless.
Apple reported $83.4 billion in revenue for Q4 2021 but says it lost out on some $6 billion because of COVID supply chain disruption and th...
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Microsoft passes Apple as world's most valuable company
