Microsoft has reached its worth of $ 3 trillion on Friday and surpassed Apple as the world’s most valuable public company in terms of market capitalization.
The share price of the Washington-based company was trading at $ 405.97 per share for a daily profit of 0.27% at 12:05 p.m, on the New York stock market when the company’s market capital was $ 3.02 trillion.
Apple’s stock price was $ 193.94 per share at the time, with a daily loss of 0.12%, while its market value was $ 3 trillion.
This is the third time that Microsoft’s value exceeds Apple after Wednesday and January 12, but both cases occurred very briefly.
At 12.15, Apple’s stock price fell further to $ 193.74 per share, expanding its daily loss to 0.22%. Microsoft shares were traded at $ 405.89 per share with a profit of 0.25% at the time.
For less than a month, Microsoft had the price of stocks rising almost 8 percent since the beginning of this year, as investors see its artificial intelligence generating initiatives and investments as promising.
Apple, meanwhile, won first place in the smart phone market in China for the first time in 2023, according to a report on Thursday.
California-based company had a record market share of 17.3% last year in the world’s largest smart phone market, International Data Corporation reported.
