Microsoft nearly overtakes Apple as world's most valuable company

Microsoft nearly overtook Apple as the world's most valuable firm on October 27 after a surge in its shares. Microsoft's shares jumped 4.2% to end at a record $323.17 after it reported a net income of $20.5 billion in the September-quarter. Its market capitalisation surged to $2.426 trillion, just short of Apple's $2.461 trillion valuation, Refinitiv data showed.