Microsoft challenges Apple as world’s most valuable company

A recent dip in Apple’s stock over worries about iPhone sales has left the Silicon Valley tech heavyweight in danger of being overtaken by Microsoft as the world’s most valuable company.

Fresh worries about smartphone demand have pushed Apple’s shares down 4% so far in 2024 after rallying 48% last year. Microsoft is up about 2% year to date after surging 57% in 2023.