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November 5, 2024 1:10 AM

Business

Microsoft overtakes Apple to capture spot of most valuable US firm

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Microsoft has surpassed Apple in order to become most valuable US firm. Microsoft at present possesses $753.3 billion in market capitalisation.

Apple, which became the first $1-trillion US company in August, came down to $746.8 billion on Friday, owing to lower-than-expected iPhone sales amid reports of its suppliers cutting cost and workforce.

While, Amazon with $736.6 billion is currently at third and Alphabet (the parent company of Google) with $725.5 billion is at the fourth spot.

Earlier in October, Microsoft recaptured its second spot in irder to become most valuable US firm, dethroning Jeff Bezos’ Amazon. The latest development came after Amazon reported disappointing quarterly numbers.

Apple Inc topped the list at over $1 trillion after crossing that threshold in September. Microsoft’s market capitalization was Wall Street’s highest in late 1998 through early 2000 before the dot-com bubble burst.

Meanwhile, Microsoft is not budging from introducing new tools and features to fight Google’s popular services. In its latest attempt at luring more people to use its products, the company has added a digital health tracker to its Android Launcher.

The Microsoft Launcher 5.1 beta release comes with a digital health section that tracks your total screen time, number of unlocks, and session lengths, Engadget reported.

In addition to that, there’s also a ‘hey Cortana’ voice control shortcut in the launcher. You can also sync both Sticky Notes and To-Do entries across devices. Interestingly, the digital health tracker is supported on devices running Android 4.2 and later, allowing even the old hardware owners do a check on their digital well-being.

Nisha Shiwani hails from the pink city of Jaipur and is a prolific writer. She loves to write on Real Estate/Property, Automobiles, Education, Finance and about the latest developments in the Technology space.

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