Apple Regains $3 Trillion Valuation, Creeps Up on Microsoft

By AppleInsider on June 5, 2024

1:33 PM PST

Apple Inc. (AAPL) has regained its $3 trillion valuation, bringing the tech giant closer to Microsoft Corp. (MSFT) in terms of market capitalization. Apple's stock price has been on a steady upward trajectory in recent months, driven by strong demand for its new products and services, including the iPhone 13 and Apple Watch Series 7.

Microsoft has also been performing well, but its stock price has not kept pace with Apple's. As a result, Apple has narrowed the gap between the two companies in terms of market capitalization. As of June 5, 2024, Apple's market capitalization is $3.01 trillion, while Microsoft's is $3.04 trillion.

The competition between Apple and Microsoft is expected to continue to intensify in the coming years. Both companies are investing heavily in new technologies, such as artificial intelligence and cloud computing, and they are both vying for dominance in the smartphone and personal computer markets.

It is unclear which company will ultimately emerge as the leader in the tech industry. However, the competition between Apple and Microsoft is sure to benefit consumers, as it will drive innovation and keep prices competitive.