By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Microsoft Surpasses Apple as World’s Most Valuable Company
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
AIFAANG

Microsoft Surpasses Apple as World’s Most Valuable Company

Osama Khalid
Last updated: February 17, 2024 2:54 am
Osama Khalid
Share
2 Min Read
SHARE
  • Microsoft surpassed Apple as the most valuable company on AI strength versus legal and China woes.
  • OpenAI partnership propelled 54% of 2022 NASDAQ growth with projections of continued AI dominance.
  • China tensions and court battles plague Apple, including a single-day $100B market cap drop.

Contents
AI ascendancy: Microsoft’s winning streakApple’s struggles in 2023

Microsoft closed the week outranking Apple as the planet’s highest-valued public company, crossing a market capitalization of $2.89 trillion versus Apple’s $2.87 trillion valuation.

Microsoft’s embracing AI through investments like the $10 billion OpenAI partnership has fueled momentum.

AI ascendancy: Microsoft’s winning streak

Analysts this week responded enthusiastically to Microsoft’s latest AI capabilities showcased at a developer conference, noting encouraging maturity across key products.

The broader AI boom likewise buoyed Microsoft’s 54% NASDAQ growth last year, with projections of continued dominating tech trends in 2024.

Apple’s struggles in 2023

“We’re only scratching the surface of AI,” said analyst Kathleen Brooks, anticipating Microsoft’s role going forward. At the same time, Apple has staggered out the gates in 2023 from legal battles stalling its Apple Watch sales to three ratings downgrades, including a single-day $100 billion market cap wipeout.

Factors plaguing Apple include ongoing China sales declines like a 30% iPhone 15 demand dip annually based on tensions with the government banning officials from using Apple devices. Combined with ascendant rival Huawei, analysts expect Apple’s China struggles to persist, weakening its brand value.

Apple contends brand damage, legal woes, and sales drops, now relinquishing its crown to Microsoft after years of chasing its historic $3 trillion peak.

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article Jesse Pujji’s Secret for a Successful Business
Next Article Jon Lee’s Fake Credentials Scandal

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

FintechSaaS

GrabPay’s Strategic Retreat Paves Way for GXS Bank’s Ascent

April 22, 2024
Fintech

TerraPay Secures Major Payment Institution License in Singapore

April 9, 2024
Fintech

Sea Expands Digital Banking Footprint in Southeast Asia

October 6, 2024
Mobility

Chinese Automaker Chery Revs Up for Thai EV Invasion

April 26, 2024
Media

Vidio Claims Streaming Crown in Indonesia Despite Heavy Losses

March 27, 2024
Fintech

Singapore Fintech Firms Eye Expansion into Malaysia Through New Initiative

February 29, 2024
Fintech

Julo’s Neobanking Ambitions: Empowering Indonesia’s Middle Market

June 14, 2024
Strategy

The “Rule of Three” When Vetting New Hires

June 10, 2024
Fintech

Flourish Ventures Secures $350 Million to Double Down on Fintech Investments in Emerging Markets

February 12, 2024
VC

Japan’s MUFG Injects $100M into Indonesian Lender Home Credit

February 12, 2024
AIHardware

Rabbit r1 Revives Promise with Web-Based AI Agent Update

September 30, 2024
e-Commerce

Alibaba Restructuring Hits Snags Amid Leadership Changes

February 12, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?