Microsoft briefly toppled Apple as the most valuable company in the world

It’s notable nonetheless. It’s been eight years since Microsoft was ahead of Apple, having fallen behind in 2010, but it’s seen success from an increased focus on cloud and the enterprise. You might remember that Apple became the first trillion-dollar company earlier this year, but those gains have been erased in the past several weeks. It’s been a rough patch for tech stocks in general, but Microsoft has held up pretty well.

There could be further difficulty for Apple, as the company warned phone sales might be lower than analyst expectations. Rich Ross, a technical analyst at Everscore ISI, said Apple could see another 18 percent slide. There’s a chance Microsoft could take a more substantial lead in the days and weeks to come.

Microsoft Has Caught Up to Apple in Market Value on Bloomberg