Apple is at risk of losing its title of the world’s most valuable company to its fellow tech giant Microsoft. Apple’s market cap has been impacted by worries about smartphone demand, causing a 4% drop in shares. Meanwhile, Microsoft’s stock has been rising due to the AI wave. Currently, Apple’s market value is $2.9 trillion compared to Microsoft’s $2.84 trillion. This year started with bad news for Apple, including a research note predicting weakness in iPhone volumes, an antitrust case from the US Justice Department, and a decline in iPhone sales in China.
Source: Times of India/TOI