Apple Is Close To Losing Its Spot As The Most Valuable Stock

Apple's shares (AAPL -0.70%) have had an astounding year, with an increase of over 45% in 2023.

Microsoft is right on your tail and gaining fast. Supercharged by its AI chops, Microsoft's market value is now $2.8 trillion — just 5.7% shy of Apple's at $2.98 trillion. "As markets and investors start to wrap up the year, Microsoft seems destined to be the most valuable public company in the world once again.

Positive Outlook
As the world's most valuable company, with a market cap of $2.9 trillion, it's always a good idea to keep Apple (NASDAQ: AAPL) on your radar. The tech giant has hit some roadblocks this year as macroeconomic headwinds curbed consumer spending and led to repeated declines in Apple's product sales. Meanwhile, the company's digital services business is rapidly expanding, outperforming all other segments in growth.


As the world's most valuable company, with a market cap of $2.9 trillion, it's always a good idea to keep Apple (AAPL -0.70%) on your radar. The tech giant has hit some roadblocks this year as macroeconomic headwinds curbed consumer spending and led to repeated declines in Apple's product sales.

However, the consumer tech market is gradually showing signs of recovery. Meanwhile, the company's digital services business is rapidly expanding, outperforming all other segments in growth.

Apple remains a reliable long-term buy
Apple's stock has climbed over 300% in the last five years. Recent hits to its business suggest the company might now be able to live up to the same growth over the next half-decade. However, Apple's financials remain a compelling reason to invest in its stock and could offer reliable gains over the long term.