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Microsoft passes Apple to become the world’s most valuable company


Microsoft passed AppleAfter Apple’s disappointing earnings on Thursday, it surpassed Apple in market capital on Friday.

Apple’s fourth quarter fiscal revenue fell short of Wall Street estimates on Thursday due to supply chain issues. CNBC’s Josh Lipton asked CEO Tim Cook if the company has a revenue gap of $6 billion. However, he said that he anticipates more supply chain problems in the December quarter.

The company’s IPhone sales were 47% higher year-over-year, but they also fell below analyst expectations. Only a few iPhone 13 sales were reported in the company’s fourth quarter.

Apple won the first company to reach $1 trillion and $2 trillion market capIt was the world’s most popular and loved food. It has become the most popular in the world. most valuable publicly-traded companyIt was the first oil company to surpass state giants Saudi Aramco in market cap last year.

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