Microsoft today overtook Apple as the world's most valuable public company by market value. Apple's share price dropped by just one percent, enabling Microsoft to narrowly pull ahead of Apple at a value of $2.87 trillion. Microsoft has briefly overtaken Apple as the most valuable company since 2018, most recently in 2020 and 2021 when concerns about supply chain shortages dented Apple's stock price and a boom in remote working bolstered Microsoft.