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EveryTechEver > Blog > Tech > Enterprise > Microsoft overtakes Apple as most valuable U.S. company
Enterprise

Microsoft overtakes Apple as most valuable U.S. company

RV Cuarto
Last updated: 2021/11/01 at 10:50 PM
RV Cuarto
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On Friday morning, Apple surpassed Microsoft in market capitalization to reclaim the title of the most valuable corporation in the world.

Apple’s stock AAPL, -0.70% fell 1.8% on Friday, implying a price of $2.458 trillion based on the company’s most recent share count of 16.406 billion. Microsoft stock MSFT, -1.33% climbed 2.2% on Friday, implying a market capitalization of $2.49 trillion based on the company’s September-quarter share count of 7.508 billion.

According to Dow Jones Market Data, Microsoft last had a higher market capitalization than Apple on July 2, 2020. According to Dow Jones Market Data, Friday’s gain in Microsoft shares closed off the stock’s greatest month since October 2015, with shares up 18 percent for the month.

microsoft stock

Supply restrictions are putting pressure on both Microsoft and Apple, but Apple looks to be experiencing the pain more acutely because hardware accounts for the majority of its sales. Apple missed sales targets in the fiscal fourth quarter, citing a $6 billion negative impact from supply challenges, with management predicting a worsening impact in the coming quarter.

While COVID-related production issues have subsided, Apple is still dealing with chip shortages that affect “very much most of our devices right now,” according to Chief Executive Tim Cook. Despite this, the company plans to achieve record sales in the fourth quarter.

When Microsoft reported fiscal first-quarter profits on Tuesday afternoon, it noted supply challenges as well, but it also offered a personal-computer forecast that easily outperformed the consensus forecast.

This year, Microsoft gained headway on Apple thanks to a 49 percent increase in its stock, compared to a 13 percent increase in Apple shares in 2021. In that time, the Dow Jones Industrial Average DJIA, 0.04 percent, of which both are components, has risen 17 percent.

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By RV Cuarto
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RV Cuarto is the founder and editor-in-chief of EveryTechEver, a startup team of writers and researchers. He started in tech journalism in the early days of 2012 as the founder of the successful tech site Nokia Revolution. His belt of experience spans across the industry, from consumer electronics, data operations, and cloud computing, with several brands including Dell, Nokia, Realme, and Huawei. He is also an HIV advocate and a public speaker. He spends his free time singing, playing mobile games, and experimenting with new recipes in his kitchen. Follow him on Tiktok.
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