Microsoft has overtaken Apple as the most valuable company in the world, making technology giant Cupertino the second most valuable in the world, followed by Saudi oil giant Aramco.
Microsoft now has a market value of $ 2.46 trillion, while Apple has a market value of $ 2.43 trillion. Apple’s decline in market value follows what Wall Street analysts and experts call yesterday’s disappointing quarterly earnings results, despite solid growth in product categories.
A report earlier in May highlighted some of the ways in which Microsoft and Apple will become increasingly competitive against each other. As both companies continue to invest in augmented reality and artificial intelligence, the rivalry is expected to grow in the years to come.
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