Microsoft tops Apple as world’s most valuable public company
At the end of Friday’s U.S. trading session, Microsoft was the most valuable public company by market capitalization, eclipsing Apple.
Redburn Atlantic Equities downgraded Apple this week to neutral from buy.
Microsoft held an artificial intelligence event in San Francisco on Thursday, leading to positive reception from one group of analysts.
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Microsoft
ended Friday’s U.S. trading session as the most valuable publicly traded company, surpassing Apple
after briefly topping the iPhone maker during intraday trading Thursday.
Shares of Microsoft climbed more than 3% for the week, bringing the company’s market cap to $2.89 trillion, while Apple’s stock dropped by over 3%, lowering its valuation to $2.87 trillion.
Redburn Atlantic Equities analyst James Cordwell downgraded Apple to neutral from buy on Wednesday, citing “little room for upside over the next few years” in iPhone growth and an “anticipated underwhelming March quarter.”
Apple said Thursday that former Vice President Al Gore will retire from the company’s board next month after serving as a director since 2003.
Microsoft, meanwhile, got a vote of confidence Thursday after discussing its artificial intelligence capabilities to developers at an event in San Francisco. Piper Sandler analysts told clients in a note that they were “encouraged by the momentum around the most mature AI products” and mentioned that GitHub website traffic has accelerated year over year for three months in a row. The analysts have the equivalent of a buy rating on Microsoft shares.
Apple had been the most valuable public company for over a year, following brief periods when that distinction was held by Saudi Aramco and Microsoft.
PROFILE
Microsoft Corporation is a technology company. The Company develops and supports software, services, devices, and solutions. The Company’s segments include Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of products and services in its portfolio of productivity, communication, and information services. This segment primarily comprises: Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of server products and cloud services, including Azure and other cloud services, SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs), and Nuance and GitHub; and Enterprise Services, including enterprise support services, industry solutions and Nuance professional services. The More Personal Computing segment primarily comprises Windows, devices, gaming, and search and news advertising.Less
Satya Nadella
Chairman of the Board, Chief Executive Officer
Bradford Smith J.D.
President and Vice Chair
Amy Hood
Chief Financial Officer, Executive Vice President
Judson Althoff
Executive Vice President, Chief Commercial Officer
Kathleen Hogan
Executive Vice President – Human Resources
Address
One Microsoft Way
Redmond, WA
98052-6399
United States
PROFILE
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. The Company’s product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. It operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+ and Apple TV+. The Company’s products include iPhone 15 Pro, iPhone 15, iPhone 14, iPhone 13, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, iPad, iPad mini, Apple Watch Series 9, AirPods, AirPods Pro, AirPods Max and HomePod.Less
Arthur Levinson Ph.D.
Independent Chairman of the Board
Timothy Cook
Chief Executive Officer, Director
Jeffrey Williams
Chief Operating Officer
Luca Maestri
Chief Financial Officer, Senior Vice President
Address
One Apple Park Way
Cupertino, CA
95014
United States
