While Microsoft had convinced investors with its latest business figures, the iPhone manufacturer’s titles were punished on Friday after a disappointing balance sheet and fell 3.6 percent to $ 147.
Apple’s market value was $ 2.41 trillion. Microsoft shares, on the other hand, are more expensive than ever before. Market capitalization rose to $ 2.46 trillion. Microsoft outperformed Apple for the first time since mid-2020.
Duel for the top spot
The two technology giants have been fighting a lonely duel for the top spot since Apple first ousted Microsoft from the throne in 2010. But the current delivery bottlenecks seem to be more of a problem for the iPhone maker than the competitor.
In the fourth quarter, the group therefore posted a slump in sales and warned that the effects in the important Christmas business are likely to be even more drastic.
Microsoft, on the other hand, can shine thanks to the demand for its cloud-based services caused by the corona pandemic. Microsoft shares have risen more than 45 percent since the beginning of the year, while Apple shares rose 15 percent in the same period.