Microsoft becomes the most valuable listed company in the world

Microsoft today surpassed Apple in market capitalization, becoming the most valuable listed company in the world.

As of this writing, Microsoft’s market capitalization is nearly 2.47 trillion of dollars, while Apple’s exceeds 2.44 trillion.

Apple on Thursday reported revenue below Wall Street’s expectations during the company’s fiscal fourth quarter as a result of supply chain constraints.

CEO Tim Cook said the revenue shortfall is estimated at $6 billion, but he expects supply chain problems to be worse in the December quarter. The company’s iPhone sales increased 47% year-over-year.

Microsoft beat revenue expectations during its first fiscal quarter, which grew about 22% year on year.

Apple was the first company to reach a market capitalization of $1 trillion and $2 trillion. It became the world’s most valuable publicly traded company when it surpassed state oil giant Saudi Aramco in market capitalization last year.

The last time Microsoft surpassed Apple in market capitalization was in 2020, when the pandemic devastated supply chains. The first time it exceeded $2 trillion in market capitalization was in June, after the release of the first major Windows update in more than five years.

Microsoft shares have risen about 48% so far this year, while Apple’s have risen more than 12%.

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