Apple surpasses Microsoft as world’s most valuable company

0
95
Apple surpasses Microsoft as world's most valuable company

Apple on Wednesday reclaimed its berth as the world’s biggest company when measured by stock price, taking back the top position from Microsoft.

The iPhone juggernaut is on a Wall Street tear following its announcements of AI features at its annual developers conference on Monday.

Apple, which had taken its time to draw up its AI strategy, lost the top spot in January as investors rewarded Microsoft’s unabashed rollout of new generative AI products under its Copilot brand.

At 1530 GMT, Apple’s market capitalization stood at $3.33 trillion compared to Microsoft’s $3.26 trillion. Both shares are traded on the Nasdaq exchange in New York.

Apple has unveiled a new AI platform called Apple Intelligence that will be gradually added to a new version of the iOS 18 operating system.

The technology will only be available on Apple’s highest-end hardware, forcing interested customers to pay premium prices to enjoy the AI.

Analysts, while lukewarm at first, have grown to believe that the iPhone’s new powers will motivate the company’s 1.5 billion strong user base to update their phones in order to take advantage of the AI powers.

“The delayed positive reaction from the Street on the Apple Intelligence news was investors starting to fully digest that the AI revolution will come through the consumer with an Apple device over the coming year,” said Wedbush Securities senior analyst Daniel Ives.

AFP

 

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from According.

Contact: [email protected]

Get every Post-UTM, Admission, List, JAMB, WAEC, NECO, and Schools Resumption Date, Breaking News on your WhatsApp Status Now - To join, click the links below.
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now

This is another opportunity to own a faster-loading website to expand your business and take it digitally online. Meet the best website designer/master coder for any kind of website. Contact them now it is affordable Chat now: 09077260922

LEAVE A REPLY

Please enter your comment!
Please enter your name here