Microsoft briefly overtook Apple as the most valuable publicly listed company. Apple’s market cap was affected by various factors. This has happened before with Microsoft and Google surpassing Apple. Apple was the first company to reach a $1 trillion market cap. Microsoft surpassed Apple in 2021, boosted by positive earnings. In 2020, Microsoft topped Apple due to the Covid-19 pandemic. In 2018, Microsoft surpassed Apple’s market cap for the first time in 8 years. In 2016, Google’s parent company Alphabet became the top company, surpassing Apple.
Source: Times of India/TOI