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

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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.

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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.

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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$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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