June 14, 2024

AndronETalksNews

AndronETalksNews

Move Over Apple, Microsoft Now the World’s Most Valuable Company

The Epoch Times

By Reuters

October 29, 2021 Updated: October 29, 2021

 

Apple Inc. lost its crown as the world’s most valuable public company to Microsoft Corp. on Friday, as the iPhone maker’s shares continued their downward slide.

Apple took a $6 billion hit to its sales during the fiscal fourth quarter due to a nagging global supply chain problem, leading to a miss on Wall Street expectations. Top boss Tim Cook said the impact will be even worse in the current holiday sales quarter.

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