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(Apple lost its position as the world's largest company to Microsoft.)
Following the drop in iPhone sales and the collapse of Apple's stock price, the business must deal with some discomfort. Apple, the world's largest firm, has lost its top status. On top of this Silicon Valley heavyweight, another technological firm, Microsoft, has become the most costly corporation.
However, Apple reclaimed the title as the world's most costly business by defeating Microsoft. Apple's stock price reached $218 last week, giving the corporation a market worth of $3.34 billion. Microsoft is now the world's second most expensive firm, with a valuation of $3 lakh 26 thousand.
According to Reuters, Apple CEO Tim Cook introduced the new operating system and other features based on artificial intelligence (AI) technology at the annual developer conference in California on June 10. Since then, Apple's stock price has climbed 5% in the last week. Simultaneously, the company's market capitalization grew.
Last week, chipmaker Nvidia briefly eclipsed Apple's market worth. Nvidia's last market capitalization was 311 billion US dollars. That is, Apple, which was previously ranked third among the world's most expensive firms, has risen to first place.