While there's been a few times in the last 5 years that Microsoft has had a higher market cap than Apple, for the most part Apple has been the big dog on the block for quite some time. The past few years have been pretty big for Microsoft, though, and now Microsoft finds itself on top of the business world once again.
With the acquisition of Activision Blizzard and a huge surge in AI (specifically Microsoft's backing of OpenAI), Microsoft finds its market cap closing in on $3 trillion. On the flip side, Apple is seeing less product demand and has had stumbles here in the US with products being pulled from shelves over litigation.
On the heels of the shift, CEO of Epic Games Tim Sweeney took to X (formerly Twitter) to "congratulate" Microsoft...but really he was throwing shade at Apple (and Google), two companies Epic Games has a long history of seeing in court over their market practices.
Congratulations to Microsoft on a well-deserved honor. From Bill Gates to Steve Ballmer to Satya Nadella, they have a 50-year track record of supporting and empowering developers to do great work, while respecting developer and user freedom. A sharp contrast to Apple and Google. https://t.co/myimDquZnN
— Tim Sweeney (@TimSweeneyEpic) January 11, 2024
Markets are a bit more optimistic on Microsoft, but it'll be interesting to see how long this lasts as previous surges in Microsoft were short-lived and Apple quickly took their number one position back.
About the Author
Mike “Magicman” Byrne has been a part of the MMOBomb family for years and serves as the site’s current Editor-in-Chief. His love for MMOs and gaming in general has led him to covering games for numerous gaming websites including Gamebreaker TV and XIV Nation where he proudly displays his fanboy flag for FFXIV:ARR.More Stories by Michael Byrne