Apple surges past Microsoft to become the world's most valuable company | Mashable.
Apple surges past Microsoft to become the world's most valuable company
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| AI! But it's Apple! Credit: Nikolas Kokovlis/NurPhoto via Getty Images |
Prepare yourself for not-so-shocking news: Apple is worth a lot of freaking money.
The tech giant surged to a record high on Wednesday, trading at about $218 per share by midday. That brought its market cap to around $3.34 trillion, making it the highest-valued company in the world and surging past Microsoft, which boasts a market cap of approximately $3.26 trillion.
So, yes, Apple is back on top.
The surge in share price follows the company's World Wide Developer Conference (WWDC), in which it revealed iOS 18 and focused particularly on AI — much like, well, every single other tech event for the past year.
Apple's AI — dubbed Apple Intelligence — promised to be deeply integrated into Apple devices. This AI can do everything from prioritize notifications on your iPhone to proofread text, record calls, and generate transcripts of Voice Notes.
Whether Apple's AI push proves successful is an open question, but investors seem to be pleased for now. Wall Street and Silicon Valley appear in lockstep on backing the industry's so-called AI revolution, whether or not normal folks really want it.
Anyway, Apple is worth more than Microsoft now. At least until the next tech event.
.webp)
They're on the same team now.
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ReplyDeleteAlmost every 1 out of 3 posts in this sub is about who is most valuable or 2nd most valuable etc.
ReplyDeleteThe whole valuation is artificial anyway. It's a meaningless benchmark.
ReplyDeleteMoney is just a construct am I right guys?
DeleteIt's all fiat money, so yeah, it kinda is
DeleteWhys this down voted lol he's right.
DeleteHow can Apple be more valuable than Microsoft who has Office/Windows/Azure/Microsoft 365 as their main products vs Apple with iPhones/Mac/Vision Pro stuff
They knocked it out of the (Apple) park with the AI features.
ReplyDeleteHow do you know that they've knocked it out of the park if you haven't used those features yet?
DeletePerformance doesn’t matter. If it’s shit it will improve. I expect Beta problems.
DeleteWhat matters to me is that they understood AI. They understood how it’s supposed to fit into the UX and what’s supposed to be.
And what they did puts Gemini and Copilot to shame.
Stock prices are valued at future value , he knows they have knocked it out the park as the market is agreeing that these features should make Apple allot of money.
DeleteStocks shares are high because Apple did a massive buyback
DeleteAs it should be.
ReplyDeleteBoth companies are after different markets. Consumer business is more profitable for Apple and enterprise business is more profitable for Microsoft.
DeletePersonally I find it odd to compare the two but whatever generates news clicks I guess.
True, something like half of MS's business is Azure and government/military contracts. Apple doesn't do that.
DeleteI can't believe that's your user name LOL. For those of you who know...
DeleteAside from this, I also can't believe the world values a single company at $3.0T... and that Apple's greatest product appears to be it's stock.
MSFT went way up because of Ai over the last 12 months and now so will AAPL.
ReplyDeleteWith microsoft help 🤝 (funded open ai)
ReplyDeleteNever good news for the consumer.
ReplyDeleteWhy? I am ecstatic today!
DeleteMicrosoft was first? Why? They did nothing since 2000s
ReplyDeleteWhat Apple did since 2000s? Nothing.
DeleteYou're kidding right?
DeleteThis comment has been removed by a blog administrator.
DeleteBecause of OpenAI integration, but apple overtakes again due to having their own AI + OpenAI.
DeleteiPhone iPad Apple watch
DeleteYou have no idea how big Microsoft services and cloud department is do you?
DeleteYou think just because Microsoft hasn't been droppin consumer products left and right like apple that MS doesn't do anything lol......
MS is one of the undisputed kings of enterprise and cloud services and software development, among many many other products that apple is not even involved in or considered a joke of a player. (you can't compare apple to ms or ms to apple because they effectively are NOT operating in the same market or markets)
Microsoft has also been taking down botnets that affect even apple products since before apple considered product security basically.
What Microsoft actually does is like comparing a novel compared to what Apple does (media consumption and consumer products only). Basically apple is a single sheet of paper for revenue streams.
Mate, my comment was a sarcasm.
DeleteI just don't understand typical Apple fanboys people saying that Microsoft became a no. 1 company for doing nothing
Or maybe I'm an idiot... The secret to success is in laziness 🤔?
See boomers with android. A $200 red mi.
DeleteMicrosoft sucks so much people would rather use their iPhones at work.
DeleteMicrosoft creates leaky software susceptible to computer viruses and hacking then sells you products to check and protect you from computer viruses and hacking.
Dude its not 2005 anymore lol. Wake up
DeleteThere is still a lot of "2005" Microsoft crap in business. Computers running old Windows versions are all over the place in business. Even the newest Windows PCs have remnants of previous crappy PCs in them.
DeleteAwe. Does this trigger you ?
DeleteRephrase to say nothing of real value.
DeleteI don’t like Microsoft products either but the stock is gold.
DeleteBoth companies did massive turnarounds multiple times since 2000...this is absurd. iPod, iPhone, iPad, numerous services and accessories, the Macbook Air that created the ultra PC market...
DeleteOn the Microsoft side, since 2000? Active Directory, Unified Communications of many varieties, the most impressive SaaS cloud on the planet, Azure's backbone alone is an achievement, and now they are at the forefront of AI.
How is that BlackBerry?
DeleteTim "Timmy McGuire" Cook on the phone with Wall Street
ReplyDelete"Show me the Money"
https://forums.macrumors.com/attachments/tmp-gif.2388038/
Tim's really coming through; my shares have never looked better. :cool:
ReplyDeleteAnd all it took was adding a calculator to the iPad 🥹
ReplyDeleteApple numba wan! The troll farms on social media will have to double their budget. They tried so hard to sabotage the iPad Pro M4 launch.
ReplyDelete"iTs a tOy OS itNeeDs to be wOrkStaTion sidLoaD AnY OS"
Kinda crazy Apple has been neck and neck with Microsoft considering they have their toes in every industry and is a much more diversified company. See what happens when you have public trust.
ReplyDeleteApple showed it's better than Microsoft at implementing AI for the general consumer. Apple may be headed towards 3.5 to 4 trillion and Microsoft down to 2 trillion because they suck.
ReplyDeleteWhat on earth makes you think Apple is going to get near 4T? And why do you think Microsoft is going to drop? That just your thoughts or got anything to back it up?
DeleteIt is my thoughts. I don't like Microsoft. Everything they make in business is boring and tedious and more complex than it needs to be.
DeleteDude its not 2005 anymore lol. Wake up
DeleteThere is still a lot of "2005" Microsoft crap in business. Computers running old Windows versions are all over the place in business. Even the newest Windows PCs have remnants of previous crappy PCs in them.
DeleteYour opinions and hot takes are terrible lol.
DeleteI'm not sure the point you're trying to make? That 18 year old software still works or...?
Nevermind I asked I'm not in the mood to educate any strangers today.
And what Apple has done to make business "less boring and tedious"? Does Apple have MDM services for the large business / enterprise? How Numbers compares to Excel? How does iCloud works in business?
DeleteMaybe you don't like MS, but they are miles better than Apple in business and enterprise market.
Swap the word Microsoft for Apple and this stands equally as true of Tim Cook's Apple.
DeleteUnless you’re a shareholder this isn’t good news. Some people act like this is a sports team to them. Celebrating multi trillion dollar companies is cringe.
ReplyDeleteI still think Microsoft/Nvidia will go in front. I’m excited for iOS and MacOS 15 but Apple will need to do a lot more in the coming years if they want to stay up where they are.
Vision Pro looks like a failure but maybe with it finally coming to more markets and Apple being so desperately like “please develop for it, please!” then it will have some success but it’s still a $3,500 headset. It’s going to take years for Vision headsets to really take off if they ever do.
iPhones sales are still struggling. Services are doing well for Apple but they need some new exciting hardware to milk for the next couple decades. I think they thought Vision would be that but the headsets taking over iPhone is probably at least 10 years away.
I don't see how it is bad news either.
DeleteIt feels like double standards when people cheer Apple's share price dropping, but evidently aren't allowed to acknowledge when the reverse happens.
iPhone sales struggling is a silly statement.
DeleteNvidia will be outperformed by the Chinese. A manipulated share. Microsoft/Gates/pharmaceuticals. And Apple as controlled opposition.
DeleteI wish they'd just make a simple pair of AR glasses that plugged into your phone.
DeleteVision Pro is not a failure. Some people 🤡 really want it to be a failure.
DeleteNot sure about Nvidia staying as hot as it is forever. The problem is that all it’ll take are the tech giants to build their own chipsets to workaround Nvidia. They might not be as effective but they won’t have to pay as much either.
DeleteNvidia will absolutely fall behind when the dust is settled. Microsoft and Apple will remain right about where they are. The markets for all of this are quite saturated as it is.
DeleteSo funny the Apple bashing inertia on MR. Nothing screams failure for a company like Apple's continued success for years. Cue the ISheep music...
DeleteI gotta say it was a good day...
ReplyDeleteThis nice bump just paid for my new iPad.
ReplyDeleteHow? It’s only meaningful if you sell! Makes me laugh all the fans doing a happy dance when they are holding!
DeleteI hope, you really cashed in on the gains and sold some of your stocks. Imaginary, not realized profits are just pipe-dreams. In the not to far future, people will realize that not every product with "AI" will guarantee large profits.
DeleteWhat makes you think I didn't sell?
DeleteActually, I for one did sell some. For what, you ask? Well, to buy more compatible Apple products of course! :)
DeleteGiven how closely these three companies are valued, is it really necessary to post articles every time one of them passes another? Apple’s rise is based on speculation that Apple Intelligence will spur sales of the iPhone 16. For all we know Microsoft or Nvidia will come out with “good news” tomorrow that will increase their share prices.
ReplyDeleteAnd I own both companies! I bought MSFT when Windows 3 came out. I bought Apple when Jobs was reinstated as CEO. I bought Nvidia in 2022.
ReplyDeleteAnd I don't give a damn what any MacRumors trolls think about it. I retired in 2014, and I'm never gonna have to work again.
Why are you on forums? If I was retired with mills in stock I'd be hand building a clay oven to make traditional pizzas in the middle of the countryside and going fishing. Last thing I would do is talk to strangers online :p
DeleteThey didn't say how much they invested. For all we know, it could have been $100 each company.
DeleteI mean, it's a forum full of various personalities. If you believe all or pretty much any of these claims, I want to speak to you about a new product: frozen water. I'm calling it ICE, and I think you're going to like it.
DeleteActually, I worked for Apple from 2004 until 2014. That's why I follow trade news. As for the brick (not clay) pizza oven, there are not one, but TWO artisan pizzerias within 2 miles of my Chicago home. One owner (Sapori Napolitano) is from Naples, and built his own when he arrived here. The other (Forno Rosso) is owned by the great grandson of Frank (the enforcer) Nitti, and he spend a year in Naples, learning to make traditional pies. Both use only ingredients approved by the Associazione Verace Pizza Napoletana, (AVPN). I've never been to Naples myself, but I sure had a few pizzas in the rest of Tuscany. Siena has the best I've tried, with Montalcino not far behind (You can drink some really great Brunellos at fantastic prices there, and the town is stunning).
DeleteSo yes, I do have some affluenza, but no need to build my own Forno, Rosso or otherwise. I really enjoyed your post, though!
https://forums.macrumors.com/attachments/img_1312-jpeg.2388047/
ReplyDeleteI don’t think Apple will be in the lead for long. Ignoring enterprise will/has hurt them and you can only milk the existing consumer products for so long. Too little streams for growth, but axing projects like the car was a good thing. Makes the road much clearer and ironically news of that only increased their price back then. TIL Apple doesn’t even charge manufacturers for CarPlay. Hopefully their AI can actually make use of the Vision Pro otherwise it would be another iPadOS situation.
ReplyDeleteFun fact: Apple gained about $350B in 2 days, which is roughly Samsung’s market cap ($370B).
This really tells you how meaningless it is to compare market value globally lol
DeleteBesides at the job why would anyone want Mickey in their house I don’t get it? Like the Android virus I don’t get why people use it over Apple.
ReplyDeleteSome would say things like this do not really matter.
ReplyDelete( but when it involves Apple, they're never around to say so 🤣 )
It's the internet. There's someone who will say just about anything at all at anytime at all. And there are even those who will repeat the same post two days in a row.
DeleteMR loves when market cap changes happen because it’s a free article. They just move the names around and update the $ values lmao
ReplyDeleteYou know they were BFF's.
ReplyDeletehttps://forums.macrumors.com/attachments/steve_jobs_and_bill_gates-d9815d03ab7c4a9f3d49c1ea4c882622-png.2388090/
i totally miss-predicted that one. a few months ago i was expecting them to have nothing interesting to ride the AI hype train and the stock to crash. so i sold my stock 😅
ReplyDeleteoh well... put that money into nvidia and is doing great anyway. but going back, i would sell something else.
Currently at $217/share, I guess a lot of people were short or underweight Apple. They never learn.
ReplyDeleteLet Tim Cook!
Hm, maybe time to short AAPL.
ReplyDeleteYeah, time to take profits. 👍
DeleteIf only I had my crystal ball working - should have bought a crap-load of AAPL call options Monday afternoon.
ReplyDeletetook awhile for aapl to break out
ReplyDeletehappy for the long term holders
patience is a virtue
In my humble opinion ALL the companies in the top ten in market capitalization are great companies. Just think about it, Apple and Microsoft, in any order would rank between #5 India and #6 the United Kingdom in Gross Domestic Product if they were countries. Whew.
ReplyDeleteAAPL opened at 207. By early after noon it was at 219 but dropped to 213 by the end of the day. This sure seems like programmatic trades and not anything specific to WWDC.
ReplyDeleteThe entire market not just Apple retracted some after the Fed's announcement of no rate cut and only 1 possible cut this year.
DeleteIt is WWDC why it pops, is 2 fold, it’s the first use of AI to help you personally and not answer some trivia you could also search the web for and so it will be super useful and as it is perceived as useful and you need an iPhone 15 Pro, in the coming years you will see a massive upgrade cycle in iPhones, hence all analysts have given upgrades and people bought … there are sell orders along the way that will make the stock retreat … every retreat is now a buying opportunity, as the sell orders are depleted, it will resume it’s climb … simple as that.
DeleteNothing to do with programmatic.
DeleteThe market initially went up today because inflation reports were seen in a good light. This caused some enthusiasm.
Towards the end of the day the Fed said they still want to see inflation come down more and will only be cutting rates once this year. This caused day traders to take profits.
By programmatic do you mean algorithmic? Either way, who cares? Anyone owning Apple is making bank!
DeleteFor all these "sucks if your not a share holder" folks I got a simple solution and its only $213 a share rn.
ReplyDeleteThis....Microsoft already retook the lead.
ReplyDelete
ReplyDeleteThese numbers are measured differently anyway.
Apple has a lot more cash in hand and they sail a tighter ship.
Apple's business is largely retail. Microsoft's business is largely cloud.
Apple's P/E is 30. Microsoft's P/E is 37.
If they had equal P/E, Apple would be miles ahead.
Nvidia's P/E is 74. They are overpriced and a bubble. Jensen is so desperate to keep the price up he is announcing 2026 products that are not even made yet. He'll probably start announcing 2040 products and start saying Nvidia slave robots can replace human workers for a dollar a day. He's worse than Elon. He's the Taiwanese Elizabeth Holmes in a Fonzi jacket.
I love how people root for tech corporations like they do with sports team. When will we start seeing jerseys? Microsoft, Apple and Nvidia are the Yankees, Lakers and Patriots.
ReplyDeleteJust make my stock go up, please. I don’t care about stocks I don’t own.
ReplyDeleteWell would you look at that…Microsoft back at the top already.
ReplyDelete