DIGITAL TITANS _Microsoft Overtakes Apple As Most Valuable Company In The World It looks like not even a US$19 Polishing Cloth can clean away investors’ slight uncertainty with Apple this season. With shares declining about 2%, the Cupertino tech giant has bowed out to Microsoft as the world’s most valuable public company. It was CEO Tim Cook’s heads-up about oncoming supply chain hiccups that seems to have caused a wobble in trust. Apple has been dealing with such issues for a while, but Cook warned that they’ll likely be aggravated with the approaching holidays. As a result, Apple’s sales fell US$6 billion in the fiscal fourth quarter, boosting Microsoft into first place in market capitalization, Reuters reports. Despite a rocky year from the outside looking in, most notably regarding the public image of co-founder Bill Gates, Microsoft’s stock took a massive 49% hike this year. Its focus on cloud-based services proved to be a winning solution amid the pandemic when remote work became the norm.
[KC] DEBRIEF WEEK 45 FRIDAY 11/12
[KC] DEBRIEF WEEK 45 FRIDAY 11/12
[KC] DEBRIEF WEEK 45 FRIDAY 11/12
DIGITAL TITANS _Microsoft Overtakes Apple As Most Valuable Company In The World It looks like not even a US$19 Polishing Cloth can clean away investors’ slight uncertainty with Apple this season. With shares declining about 2%, the Cupertino tech giant has bowed out to Microsoft as the world’s most valuable public company. It was CEO Tim Cook’s heads-up about oncoming supply chain hiccups that seems to have caused a wobble in trust. Apple has been dealing with such issues for a while, but Cook warned that they’ll likely be aggravated with the approaching holidays. As a result, Apple’s sales fell US$6 billion in the fiscal fourth quarter, boosting Microsoft into first place in market capitalization, Reuters reports. Despite a rocky year from the outside looking in, most notably regarding the public image of co-founder Bill Gates, Microsoft’s stock took a massive 49% hike this year. Its focus on cloud-based services proved to be a winning solution amid the pandemic when remote work became the norm.