Now, two technology giants - Apple and Microsoft - are competing for the title of America's most valuable company.
Apple's Artificial Intelligence - AI announcements at the Developers Conference - WWDC 2024 caused the company's stock price to increase and quickly knock Microsoft out of the leading position last Wednesday. While Nvidia rose to the top three, the US market continuously testified competition for the title of most valuable company between Microsoft and Apple.
Both companies have a market capitalization of more than $3,000 billion and last year, at one point, the difference was only about $100 billion.
Apple CEO - Tim Cook.
Microsoft actually overtook Apple for the top spot on January 11, 2024 but lost that title two hours later. The next day, the company regained this title.
After the announcement of WWDC 2024, Apple shares initially dropped, then rebounded and reached a record high price. When the market closed last Tuesday, Apple's stock price had reached $207.15, up 7.26% on the day and already on par with Microsoft's stock price.
And on Wednesday, Apple was ahead of Microsoft in terms of valuation. During Wednesday's closing session, Apple's stock price reached $215.04, higher than Microsoft's stock price.
Previously, at the launch of the iPad in 2010, the late Apple CEO Steve Jobs announced that the company is now worth more than 50 billion USD. This number is 60 times less than today. However, just like now, Apple continuously affirms that it does not focus on stock price.
Apple's WWDC 2024 event focused on software without much mention of any hardware.
However, the company is secretly developing at least two foldable devices, including a 20.3-inch MacBook that is said to be nearing completion, and a 7.9-inch folding iPhone.
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The interesting point about the folding screen iPhone is that the product will have a fold-out design similar to the Huawei Mate Xs 2, if the latest report from analyst Jeff Pu is accurate. This means a single screen covers the front and back of the device when folded and straightens out into a flat screen when unfolded.
Apple is about to copy Huawei's design for the next breakthrough iPhone? - 1Apple is about to copy Huawei's design for the next breakthrough iPhone? - 2Apple is about to copy Huawei's design for the next breakthrough iPhone? - 3Huawei Mate Xs 2 is an idea for a 7.9-inch folding screen iPhone design.
Huawei Mate Xs 2 is an idea for a 7.9-inch folding screen iPhone design.
Mr. Pu hopes this folding iPhone will be launched by the end of 2026, although other analysts set a launch date of 2027. Meanwhile, the 20.3-inch MacBook with a larger folding screen seems Likely to launch in 2025. This product is likened to the ThinkPad X1 Fold with a screen that folds inwards and a wireless keyboard that can be stored between the two halves when the device is folded.
The advantage of a fold-out screen is that there is no need for an additional screen, which means no additional weight, thickness or cost. With most of the back covered by the display, this is useful for personalization or taking selfies with the main camera. However, the disadvantage of this design is that the folding screen is the most vulnerable component of the device but is always exposed.
