Microsoft surpasses Apple and records the highest market value in the world

This year, Microsoft's stock has risen 49% so far. Apple's stock has only risen 13% this year so far.

The American company, "Apple", lost its throne as the world's largest company by market value, which was removed from it by its fellow citizen, "Microsoft", on Friday, as the shares of the manufacturer of "iPhone" devices (iPhone) fell by about 2%.

Apple suffered a $6 billion decline in sales in the fourth fiscal quarter due to persistent global supply chain problems that missed expectations from Wall Street.

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And its president, Tim Cook, warned that the effect would be exacerbated by the current holiday-filled quarter's sales.

Apple's stock fell 1.8 percent to $149.80, giving the company a market value of $2.48 trillion.

On the other hand, the share of the software giant Microsoft rose 2.2% to a record high, recording $331.62, and the session ended with giving the company a market value of $2.49 trillion.

This year, Microsoft's stock has risen by 49% so far, supported by strong demand at the time of the pandemic for its cloud computing services, which has boosted sales strongly, while Apple's stock has risen only 13% this year so far.