Apple risks losing world's most valuable company status to Microsoft

Apple risks losing the world's most valuable company status to Microsoft over worries about iPhone sales, Reuters reported. Apple's shares are down 4% so far in 2024 after rallying 48% last year. Microsoft's stock is up about 2% year to date after surging 57% in 2023. Apple's market value is now at $2.866 trillion, compared to Microsoft's $2.837 trillion.