In the early morning of October 30, Beijing time, US stocks closed on Friday. Microsoft shares rose 2.24% to $331.62, with a market value of nearly $2.49 trillion; Apple’s stock fell 1.81% to $149.81, with a market value of approximately $2.47 trillion. Microsoft’s market value surpassed Apple, becoming the world’s most valuable listed company.
Apple reported on Thursday that due to supply chain constraints, the company’s fourth-quarter revenue was lower than Wall Street’s expectations. Apple CEO Cook said that the revenue gap is estimated at $6 billion, and the supply chain problems in the December quarter are expected to be more serious.
Microsoft previously reported that revenue in the first fiscal quarter exceeded market expectations, with a year-on-year growth of about 22%, which was the fastest growth since 2018.
The last time Microsoft surpassed Apple in market value was in 2020, when the epidemic caused severe damage to the supply chain. After being disclosed for more than five yearsWindowsAfter its first major update, the company closed for the first time in June at a market value of more than $2 trillion.
As of the close, Microsoft’s stock price has risen by more than 48% so far this year, while Apple’s stock price has risen nearly 13%.