Microsoft has overtaken Apple’s domination as the world’s most valuable company. The software giant is accompanied by Apple in the second place and Saudi oil company Aramco in the third.
The company now has a total market value of a whopping $2.46 trillion, slightly higher than Apple’s market value standing at $2.43 trillion. The drop in Apple’s market value was followed shortly after the company announced its fourth fiscal quarter 2021 financial report.
Microsoft and Apple have been tough competitors over the years in consumer electronics space, and with their continued investment in Artificial Intelligence and Augmented Reality, the competition is ever-growing.