Reward 1000 Tiger-coins$Microsoft(MSFT)$ briefly overtook $Apple(AAPL)$ as the world's most valuable company on Thursday, the first time since 2021.
Apple, previously the first company to surpass $3 trillion in market cap, is now facing competition.
Analysts downgraded Apple's stock due to limited iPhone growth and a gloomy outlook for the March quarter. This marks the third downgrade in the first ten days of 2024 for Apple
While Microsoft's shares rose by 57% in 2023 due to AI heat.
Are you still bullish on Apple as the second-ranked company?
What's your target price for Apple?
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๐๐$Apple(AAPL)$
Versus $Microsoft(MSFT)$
- A Clash of Tech Titans! Microsoft briefly took the crown from Apple on Friday as the world's most valuable company when its market capitalisation rose to USD 2.89 trillion versus Apple's USD 2.87 Trillion.
Microsoft's share price has been steadily rising ever since it invested in Open AI's ChatGPT and has incorporated it in its suite of products including Microsoft Azure.
Apple on the other hand has seen its share price falling to a 7 week low ever since a Barclays analyst downgraded Apple to underweight and a target share price of USD 160. This is due to falling sales of its iPhones especially in China.
It would seem that for now Microsoft has more upside potential than Apple. But Apple in my opinion is certainly no pushover. With 2 billion Apple devices in use and a legion of loyal fans, Apple has a wide moat due to its Brand and unique ecosystem.
Apple still has what it takes to continue to thrive and grow. Apple has its most ardent supporter in Warren Buffett with Apple as its top holding, a 50% weightage in Berkshire Hathaway.
Do you see Warren Buffett selling any Apple shares recently?
So who is the Ultimate Winner Apple or Microsoft? Only time will tell.
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The hype surrounding Apple has somewhat died down...
There's no one like uncle Steve. The legacy he left behind, his passion, his no-nonsense attitude, etc, propelled Apple to the front line while he was the "face" of Apple, bringing Apple to the world.
Nevertheless, Apple is still sought after by many but not for me...
Therefore, I still think Apple still can command quite a market share and will probably remains bullish...
P/S: I prefer $Microsoft(MSFT)$
Investors have spent much of the new year wringing their hands over Apple's disappearing growth. The company has been hit with multiple analyst downgrades, as Wall Street looks for the next big thing. No one seems to think it's the company's Vision Pro mixed reality headset, which is due out on Feb. 2. Meanwhile, investors are giddy over Microsoft's AI-boosted future.
The battle for supremacy will be worth watching as both companies report earnings in the coming weeks.
Microsoft's finally finalized buyout of Activision Blizzard marks a significant reorientation towards vertical integration in the gaming sector, positioning Microsoft as the third-largest gaming company globally. The acquisition enhances Microsoft's gaming portfolio with high-caliber franchises and bolsters its competitive stance in a market forecasted to grow to $665 billion by 2030. Microsoft's gaming division is poised to be a significant growth driver, potentially adding approximately $406 billion to the company's market capitalization. New developments from CES and a new Xbox offer catalysts for the company to realize this.