Microsoft is now the world's most valuable company, passing Apple

Microsoft passed Apple to become the valuable company in the world (via iMore). The Redmond-based hit a market cap of $ii.45 trillion today to pass Apple tree'southward value of $2.44 trillion. Those figures are from the centre of a trading day, so the companies may bandy back and forth a few times earlier the day closes.

Microsoft continues to meet strong growth and earnings. During the outset quarter of the 2022 financial year, Microsoft brought in a acquirement of $45.iii billion, which is a 22% increase twelvemonth-over-year. Microsoft Deject revenue saw a particularly large spike. Information technology earned $20.7 billion in revenue in FY22, which is a 26% year-over-year bound.

While Apple fell slightly behind Microsoft in total value, the company is inappreciably struggling. Apple reported $366 billion of acquirement in the last fiscal twelvemonth, meaning the company brought in an average of over $ane billion per twenty-four hours.

Apple CEO Tim Cook claimed that the company lost nearly $half dozen billion due to the global pandemic and the current global chip shortage:

Certain. If yous look at Q4 for a moment, we had about $6 billion in supply constraints, and it affected the iPhone, the iPad and the Mac. We had -- in that location were two causes of them for Q4. I was the flake shortages that you've heard a lot about from many unlike companies through the industry. And the second was COVID-related manufacturing disruptions in Southeast Asia. The second of those, the COVID disruptions, have improved materially across October to where we currently are.

The shortage isn't just disrupting Apple. Information technology has afflicted nearly tech companies, including Microsoft.

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