{"id":34776,"date":"2024-06-13T14:03:07","date_gmt":"2024-06-13T14:03:07","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=34776"},"modified":"2024-06-13T14:03:07","modified_gmt":"2024-06-13T14:03:07","slug":"apple-and-microsoft-battle-for-title-of-most-valuable-us-company","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/06\/13\/apple-and-microsoft-battle-for-title-of-most-valuable-us-company\/","title":{"rendered":"Apple and Microsoft Battle for Title of Most Valuable US Company"},"content":{"rendered":"<p><em><strong>By Ogbodo Emmanuel\u00a0<\/strong><\/em><\/p>\n<p>Apple&#8217;s recent AI announcements at WWDC have propelled its stock, momentarily dethroning Microsoft as the most valuable company in the US on Wednesday.<\/p>\n<p>While Nvidia has emerged as a significant player, the primary contenders for the top spot have been Microsoft and Apple. Both companies boast market caps exceeding $3 trillion and have frequently found themselves within $100 billion of each other over the past year.<\/p>\n<p>On January 11, 2024, Microsoft briefly overtook Apple, only to lose the title two hours later and then regain it the following day. However, after Apple&#8217;s WWDC 2024 announcements, its stock initially dipped but then surged to a record high. By the close of trading on Tuesday, Apple&#8217;s stock had climbed to $207.15, marking a 7.26% increase for the day and bringing it close to Microsoft&#8217;s valuation. For a brief period on Wednesday, Apple was ahead of Microsoft in market value. By the end of trading on Wednesday, Apple&#8217;s stock had risen to $215.04, placing it just millions of dollars behind Microsoft.<\/p>\n<p>The remarkable growth of Apple is evident when considering its valuation at the launch of the iPad in 2010. At that time, Steve Jobs announced that Apple was worth over $50 billion\u2014an amount sixty times less than its current value. Despite this growth, Apple continues to emphasize that it does not focus on stock prices.<\/p>\n<p>&#8220;Apple is an over-50 billion dollar company,&#8221; Jobs stated at the iPad launch. &#8220;Now, I like to forget that because that&#8217;s not how we think about Apple but it is pretty amazing.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ogbodo Emmanuel\u00a0 Apple&#8217;s recent AI announcements at WWDC have propelled its stock, momentarily dethroning Microsoft as the most valuable company in the US on Wednesday. While Nvidia has emerged as a significant player, the primary contenders for the top spot have been Microsoft and Apple. Both companies boast market caps exceeding $3 trillion and [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":34777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180],"tags":[],"class_list":["post-34776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=34776"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34776\/revisions"}],"predecessor-version":[{"id":34778,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34776\/revisions\/34778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/34777"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=34776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=34776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=34776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}