Microsoft has dethroned Apple as the world’s most valuable public company on the stock market.
Apple lost the top spot after a slide in the stock market as its shares fell about 2% triggered by disappointing sales figure in the third quarter while Microsoft’s shares climbed to record high, putting the company on the top spot.
Microsoft is riding high on its booming cloud business boosted by solid demands during the health crisis.
The two companies have waffled back and forth at the top spot in the stock market since Apple overtook Microsoft in 2010, when its iPhone experienced a surge in global popularity.
