This is thanks to declining demand for the iPhone and Microsoft’s leadership in artificial intelligence.
The competition between technology giants is constantly changing, and recently Microsoft has become in a position to push Apple with the steps it has taken in the field of artificial intelligence. It overtook Apple in terms of stock market capitalization and became the world’s most valuable technology company. This is thanks to the declining demand for the iPhone and Microsoft’s leadership in artificial intelligence.
According to Reuters reports, it’s market capitalization reached $2.887 trillion, surpassing Apple’s $2.875 trillion. The tech giant’s success was driven by its investment in OpenAI, the creator of ChatGPT, and its integration of this technology into productivity software. Also notable is the company’s success in cloud computing and challenging Google’s dominance in web search.
Apple’s challenges
Apple is facing a decline in demand, especially for the iPhone. The slowdown in the Chinese market and the resurgence of Huawei are having a negative impact on Apple’s market share. Apple’s mixed reality headset Vision Pro is expected to launch in February, but analysts predict that its impact on 2024 dividends will be limited.
The rivalry between Microsoft and Apple
Microsoft also overtook Apple in 2021 due to supply chain issues during the pandemic. Reports that Apple’s holiday sales will not meet expectations also add to the company’s challenges. While the competition between tech giants is constantly shifting, for now, Bill Gates’s legacy stands out.
Source: https://www.cioupdate.com.tr/apple/microsoft-yapay-zeka-iphone-apple/
