Apple Shares: Microsoft Overtakes Apple in Most Valuable Company After Witnessing Surge in Shares

Apple News: Global tech giant Apple, known for its high-quality products, recently lost its position as the world’s most valuable company. The company’s shares fell in the beginning of 2024, causing Apple’s market capitalization to reach $2.871.1 million, providing an ideal opportunity for tech giant Microsoft to overtake Apple as the world’s most valuable company. Microsoft’s shares surged 1.6%, bringing the company’s market capitalization to $2.875 trillion. For the first time since 2021, Microsoft’s market capitalization has surpassed Apple’s.  

What Led To Apple’s Declining Shares?

According to analysts, Microsoft’s use of generative AI has helped it in increasing its market capitalization. The company has benefited from this, which has drawn investors to invest in the company. The iPhone has had the greatest impact in China, which is its largest market. With a market valuation of $3.81 trillion in December 2023, Apple topped the list of the most valuable companies in the world. When it comes to India, the demand for iPhones remains high. The company is also very positive about growing its operations and making investments in India. With higher sales, Apple opened two retail locations in India last year. It is expected that the company will open more new stores in India and will focus on growing both its customer base and iPhone production.