Apple Regains $3 Trillion Valuation, Creeps Up on Microsoft
Apple's market capitalization has rebounded, reaching $3 trillion once again.
Apple's stock price has been on a steady upward trajectory in recent months, and the company is now closing in on Microsoft's valuation.
Apple's market capitalization has regained the $3 trillion mark, creeping up on Microsoft's valuation. The tech giant's stock price has been on a steady upward trajectory in recent months, and it is now within striking distance of Microsoft's market cap of $3.3 trillion.
Apple's resurgence is due in part to strong demand for its iPhone 13 series, as well as the growing popularity of its services businesses, such as Apple Music and iCloud. Microsoft, on the other hand, has benefited from the strength of its Azure cloud computing platform and its continued dominance in the PC market.
It remains to be seen whether Apple can overtake Microsoft as the world's most valuable company. However, the recent performance of Apple's stock suggests that the company is well-positioned to continue its growth trajectory.
Comments