Apple's market value below Microsoft's net worth
Edited By WION Video Desk
Published: Mar 06, 2024, 06:00 IST | Updated: Mar 06, 2024, 06:00 IST
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Traders may have felt more confident a year ago when Apple decided to end the development of its electric cars and redirect the funds to AI programs. A year on, the opposite is true; the stock's decline has worsened. Despite CEO Tim Cook assuring shareholders that the business will "Break new ground" in AI, the firm has been tight-lipped about its AI initiatives. The stock's 9% year-to-date decline has pushed its market worth below that of Microsoft, indicating mounting investor impatience.
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