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Microsoft Overtakes Apple Amid Growing Demand Concerns
short by Purushottam / on Friday, 12 January, 2024
Microsoft surpasses Apple in value amid iPhone sales concerns. Analysts credit Microsoft's growth and AI success. Apple faces challenges in China, downgraded ratings, and scrutiny over Google deal. Microsoft's genAI tools lead to a 57% rise, outpacing Apple's 48%. Wall Street favors Microsoft, lacking 'sell' ratings. Both seem relatively expensive, with Apple's PE at 28 and Microsoft at 31.
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