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Microsoft Edges Past Apple to Become World’s Most Valuable Company

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3 years ago

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Microsoft Edges Past Apple to Become World’s Most Valuable Company

On Friday, Apple lost its crown as the world’s most valuable listed company due to the iPhone maker’s share price falling about 2%. Due to continuing global supply chain problems, Apple suffered a loss of US$6 billion (approximately Rs 44,940 crore) in its fourth-quarter sales, which failed to meet Wall Street’s expectations. The top boss Tim Cook said that the impact of the current holiday sales quarter will be more serious.

Sophie Lund-Yates, an equity analyst at Hargreaves Lansdown, said: “Compared with FAANG peers who are less concerned about hardware, Apple is also more susceptible to supply chain disruptions.” Apple’s shares fell 1.8% to close at $149.80 (about 11,200). rupee). ), bringing the company’s market value to 2.48 trillion U.S. dollars (approximately 185,752.20 billion rupees). In contrast, Windows software maker Microsoft’s stock price rose 2.2% to a record high of US$331.62 (approximately 24,800 rupees), with a market value of US$2.49 trillion (approximately Rs 1,8649,489 crore) at the close.

Over the years, Apple has repurchased shares worth 421.7 billion U.S. dollars (approximately Rs 31,531.86 billion) and announced a large-scale share repurchase of USD 90 billion (approximately Rs 6,740.77 billion) in April. As a result, the pool of outstanding shares continued to shrink, and the company held 16.4 billion shares at the end of the fourth fiscal quarter. Microsoft’s stock price has soared 49% this year, and demand for its cloud-based services caused by the pandemic has boosted sales.

So far this year, Apple’s stock price has risen by 13%. Apple’s stock market value surpassed Microsoft in 2010 because the iPhone made it the world’s premier consumer technology company. In recent years, these companies have taken turns to become the most valuable companies on Wall Street, and Apple has maintained this title since mid-2020.

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Analysts said that Apple has managed supply chain issues well, but as Cook warned that it will face greater pressure, its performance may be impacted as the holidays approach.

In contrast, Microsoft on Tuesday predicted a strong end to the calendar year. But it also warned that supply chain issues will continue to plague key departments, such as those that produce Surface laptops and Xbox game consoles.

News Source : Gadgets 360

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Hollywood

Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

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2 weeks ago

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October 22, 2024

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.

Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)

Tom signs Nolan’s next

This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.

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Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).

Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.

Tom’s busy schedule

Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.

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As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.

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