💰 Microsoft Overtakes Apple to Become Di Most Valuable Public Company 🚀
⬇️ Pidgin ⬇️ ⬇️ Black American Slang ⬇️ English
For over ten years, Apple bin di king for stock market. Dem first pass Exxon Mobil as di world’s most valuable public company for 2011 and hold di title like dem no wan release am.
But a shift don happen. 🔄 On Friday, Microsoft waka pass Apple, collect di crown after dem market value jump by more dan $1 trillion for di past year. Microsoft finish di day at $2.89 trillion, wey pass Apple $2.87 trillion, according to Bloomberg. 💼💰
Dis change na part of how di stock market dey rearrange, and e start wen generative artificial intelligence show face. Dis technology fit answer questions, create images, and write code. People don hail am well because e get potential to change how business dey work and fit create trillions of dollars. 💡💻💰
Wen Apple carry first pass Exxon, e come mean say tech don takeover. Di values of Apple, Amazon, Facebook, Microsoft, and Google come big pass the ones wey dey reign before like Walmart, JPMorgan Chase, and General Motors.
Tech still dey top di list, but the companies with the most momentum put generative A.I. as dem main plan for di future. Microsoft, Nvidia, and Alphabet, wey be Google parent company, value wey dem get increase by $2.5 trillion for last year. Dem do pass Apple, wey post smaller increase for share price for 2023.
Brad Reback, wey be analyst for Stifel investment bank talk say “e dey simple, na gen A.I. matter.” Generative A.I. go affect all Microsoft business, including di biggest one. “Apple never too get A.I. story,” e talk. 💭📊
Microsoft and Apple no talk anything about dis mata. 🤐🍏
Microsoft never lead for technology since the time wen personal computing dey reign, wen dia Windows operating system dey run show. Dem enter internet, mobile phone, and social media late.
Wen Satya Nadella become Microsoft chief executive for 2014, company bin no dey sure of the direction wen dem dey go. E come change am, come dey focus on the growing cloud computing business. E push company forward again come make strong bet for generative A.I. 🔝💻
For 2019, Mr. Nadella put Microsoft first investment for OpenAI, the start-up wey go build the A.I.-powered ChatGPT chatbot. In the summer of 2022, e bin see preview of OpenAI’s underlying technology, wey dem call GPT-4, and e come begin tell Microsoft say make dem add generative A.I. to dia products at what e call a “frantic pace.” 🏃♂️🤖
E start with adding chatbot to the Bing search engine, but then begin pushing A.I. enter the Windows operating system and productive applications like Excel and Outlook. Dem come offer OpenAI’s systems to customers wey dey use Azure, Microsoft’s flagship cloud computing product. 💬🔍🚀
The revenue don only just start to show up in Microsoft’s financial results. Generative A.I. accounted for about three percentage points of growth to Azure for the three months wen end for September, and the $30-a-month offering inside Microsoft’s productivity software begin general release only in November.
Dis no be the first time wen Microsoft don pull ahead of Apple for recent years. Dem do am for 2018, wen dem cloud-computing business begin dey shine, and for 2021, wen the pandemic disrupt Apple’s iPhone operations. But this change fit be more indicative of a fundamental shift for the tech industry. 🔁📈
“The question be: Who get better mouse trap wen go reach the next level of $3.5 trillion?” said Dan Morgan, portfolio manager and analyst at Synovus Trust, a bank for the Southeast. “You fit talk say Microsoft dey better position. Apple don dey struggle for the next big thing.” 🤔💼
The iPhone, wey show for 2007, launch Apple pass every other company for stock market. Between 2009 and 2015, the company go from dey sell 20 million iPhones every year to more than 200 million. 📱📈
When device sales slow in recent years, Tim Cook, Apple chief executive, shift company focus from selling more iPhones to selling people more apps and services for their existing iPhones. The strategy help Apple annual revenue soar reach $383 billion, a nearly fourfold increase from the end of 2011, the year wey Steve Jobs, Apple co-founder, die. 💰📈
But Cook’s strategy show say e don tire small. The iPhone, wey account for more than half of Apple’s revenue, become known more for the small small improvements wey dem dey do every year than for the big innovations. Purchases of iPads and Macs dey fall. And the sales growth of their services like Apple Music dey slow down.
Last year, the company sales fall for four quarters back to back. But shares of Apple still rise around 50 percent last year, and investors lift its market value to nearly $3 trillion because of their belief say demand for the iPhone go continue. 📉📊
Wall Street analysts don predict say sales for this year’s iPhone go dey weak. The company dey face challenges for China, where Huawei don release new phone and the government dey restrict the use of foreign smartphones.
While Microsoft and others dey build new generative A.I. businesses, Apple no dey dia level. During a call with analysts last year, Cook talk say Apple get work wen dem dey do wey dey related to A.I., but e no talk many tins.
Last year, Apple engineers dey test big language model, wey get power pass to control chatbot, The Times report. The company also dey discuss with publishers about how dem fit get material to train generative A.I. systems. But dem never release anything.
“Apple suppose sabi say if dem wan dey among the top tech companies wey sabi innovate well well, dem suppose dey into A.I. well well,” said Gene Munster, managing partner at Deepwater Asset Management. 💡💬🍏
Apple don dey focused on the release of augmented reality headset, wey dem call Vision Pro. The device, wey dem go send out on February 2, na the first major new product category wey dem release since 2014, when dem release Apple Watch. Analysts predict say Apple go sell less pass half million units. 🕶️👓💻
NOW IN BLACK AMERICAN SLANG
💰 Microsoft Done Overtake Apple to Become Di Most Valuable Public Company 🚀
For ova ten years, Apple bin dey wear di crown as di king for di stock market. Dem bin first overtake Exxon Mobil as di world’s most valuable public company for 2011, and dem hold onto dat title sotay dem begin dey comot hand. But a major shift don happen. 🔄
On Friday, Microsoft comot from nowhere, carry di top spot after dem market value skyrocket by ova $1 trillion for di last year. Microsoft close di day at $2.89 trillion, wey pass Apple wey get $2.87 trillion, as Bloomberg report. 💼💰
Dis change dey show say di whole stock market don dey shake as generative artificial intelligence (A.I.) dey rise. Dis technology get di power to answer questions, create images, and write code, and e get di potential to turn businesses upside down and create trillions of dollars for economy. 💡💻💰
Wen Apple come pass Exxon, e open door for di tech giants to dey reign. Di combined values of Apple, Amazon, Facebook, Microsoft, and Google bin dey higher pass other companies wey been dey lead before like Walmart, JPMorgan Chase, and General Motors.
Even though di tech industry still dey control di game, di companies wey dey ginger now don put generative A.I. for di front of dia business plans. Di combined market value of Microsoft, Nvidia, and Alphabet (wey be Google mama company) don increase by $2.5 trillion for di last year, wey pass Apple wey post small increase for share price for 2023.
Brad Reback, wey be analyst for di Stifel investment bank, explain am say “e simply dey boil down to gen A.I.” Generative A.I. go affect all areas of Microsoft business, including di one wey dey bring dem di most money, while “Apple still dey find dia A.I. story.” 💭📊
Microsoft and Apple no wan yarn about dis change. 🤐🍏
For many years, Microsoft neva lead for any major technology shift since di time wen personal computing dey reign and dia Windows operating system bin dey reign. Dem no too shine for di internet, mobile phone, and social media game.
But wen Satya Nadella become Microsoft CEO for 2014, di company dey struggle small. E come put dem focus for di cloud computing business wey dey grow fast, and e help dem become serious competition for Amazon wey be di pioneer for dat area. After dat one, Nadella come push dem again, come make strong bet on generative A.I.
For 2019, Nadella start to put Microsoft money inside OpenAI, wey be di startup wey build di A.I.-powered ChatGPT chatbot. By di end of summer for 2022, e bin dey impressed with preview of OpenAI technology wey dem dey call GPT-4, and e come begin urge Microsoft say make dem put generative A.I. inside dia products “at a quick pace.” 🏃♂️🤖
Dem start by put chatbot inside Bing search engine, but later dem begin put A.I. inside di Windows operating system and other apps like Excel and Outlook. Dem come even offer OpenAI systems to customers wey dey use Azure, wey be Microsoft flagship cloud computing product.
Di revenue from dis kind tins just start dey show for Microsoft financial results. Generative A.I. add about three percentage points to Azure growth for di three months wey end for September, and di $30 wey dem dey collect per month for Microsoft productivity software start general release only for November.
E important to note say The New York Times don sue OpenAI and Microsoft, accuse dem of copyright infringement. 📰⚖️
E no be di first time wen Microsoft pass Apple for recent years. Dem do am for 2018 wen dia cloud computing business start dey shine, and for 2021 wen di pandemic scatter Apple iPhone operations. But dis change fit mean say di whole tech industry dey change for real. 🔁📈
Di question be say, “Who get beta plan to reach di next level of $3.5 trillion?” According to Dan Morgan, wey be portfolio manager and analyst for Synovus Trust, bank wey dey Southeast, e fit be say Microsoft dey di better position. “Apple don dey find di next big thing for small small.” 🤔💼
Di iPhone, wey burst onto di scene for 2007, carry Apple go di top for stock market. Between 2009 and 2015, di company go from dey sell 20 million iPhones every year to ova 200 million.
As sales for di devices begin slow down for recent years, Apple CEO Tim Cook come change dia focus from just selling more iPhones to making people buy more apps and services on top dia existing iPhones. Dis strategy help Apple annual revenue skyrocket to $383 billion, almost four times di amount wey dem get for di end of 2011, wey be di year wey Steve Jobs, Apple co-founder, die
. 💰📈
But Cook strategy begin tire small. Di iPhone, wey dey give Apple more than half of dia revenue, come dey known more for small-small improvement every year instead of big innovation. Sales for iPads and Macs come dey drop, and di growth of dia services like Apple Music come begin slow down.
Last year, di company revenue drop for four straight quarters. But shares for Apple still rise by about 50 percent last year, and investors push dia market value reach nearly $3 trillion because dem believe say people go still dey demand for iPhone. 🔝💸
Wall Street analysts dey predict say iPhone sales go weak dis year. Di company dey face wahala for China, where Huawei release new phone and government dey restrict foreign smartphones. 📉📊
While Microsoft and oda tech giants dey build new generative A.I. business, Apple come dey MIA for di conversation. For call with analysts last year, Tim Cook talk say Apple dey work “going on” wey dey relate to A.I., but e no gree talk details.
Last year, Apple engineers come dey test large language model wey fit power chatbot, as The Times report. Dem still dey discuss with publishers to buy content wey dem go use train generative A.I. systems. But dem never release anything for public. 😶🍏
“Apple gats dey take note say if dem wan keep dia spot as one of di most innovative tech companies, dem gats embrace A.I. wholeheartedly,” na wetin Gene Munster, managing partner for Deepwater Asset Management talk. 💡💬🍏
Apple dey focus on di release of augmented reality headset wey dem call Vision Pro. Dem go release am on February 2, and e be di first major new product category wey di company release since di Apple Watch wey dem release for 2014. Analysts dey predict say Apple go sell less pass half million units. 🕶️👓💻
NOW IN ENGLISH
💰Microsoft Overtakes Apple to Become the Most Valuable Public Company 🚀
For over a decade, Apple has held the crown as the king of the stock market. It first surpassed Exxon Mobil as the world’s most valuable public company in 2011 and held onto that title with remarkable consistency.
However, a significant shift has taken place. 🔄
On Friday, Microsoft overtook Apple, claiming the top spot after its market value surged by over $1 trillion in the past year. Microsoft closed the day at $2.89 trillion, surpassing Apple’s $2.87 trillion, as reported by Bloomberg. 💼💰
This change reflects a broader transformation in the stock market, driven by the rise of generative artificial intelligence (A.I.). This technology has the ability to answer questions, create images, and write code, making it a disruptive force with the potential to reshape businesses and generate trillions of dollars in economic value. 💡💻💰
When Apple overtook Exxon, it marked the beginning of an era dominated by tech giants. The combined values of Apple, Amazon, Facebook, Microsoft, and Google dwarfed those of former market leaders like Walmart, JPMorgan Chase, and General Motors.
While the tech industry still reigns supreme, the companies with the most momentum are placing generative A.I. at the forefront of their future business plans. The combined market value of Microsoft, Nvidia, and Alphabet (Google’s parent company) increased by $2.5 trillion in the last year, outperforming Apple, which saw a smaller share price increase in 2023.
Brad Reback, an analyst at the investment bank Stifel, summed it up: “It simply comes down to gen A.I.” Generative A.I. is expected to impact all aspects of Microsoft’s business, including its largest, while “Apple doesn’t have much of an A.I. story yet.” 💭📊
Both Microsoft and Apple declined to comment on this development. 🤐🍏
Microsoft had not led a significant technology transition since the era of personal computing when its Windows operating system dominated sales. It lagged behind in the internet, mobile phone, and social media revolutions.
However, when Satya Nadella took over as Microsoft’s CEO in 2014, the company was facing challenges. He refocused it on the rapidly growing cloud computing business, turning it into a strong competitor to Amazon, the pioneer in the field. Nadella then pushed the company further by making a bold bet on generative A.I.
In 2019, Nadella made Microsoft’s first of several investments in OpenAI, the startup behind the A.I.-powered ChatGPT chatbot. By the end of the summer in 2022, he was impressed by a preview of OpenAI’s underlying technology, known as GPT-4, and began urging Microsoft to incorporate generative A.I. into its products at a rapid pace.
Microsoft started by adding a chatbot to the Bing search engine but soon expanded its integration of A.I. into the Windows operating system and productivity applications like Excel and Outlook. Additionally, it offered OpenAI’s systems to customers of Azure, Microsoft’s flagship cloud computing product.
The revenue generated from these initiatives has only just begun to show up in Microsoft’s financial results. Generative A.I. contributed to about three percentage points of growth in Azure during the three months ending in September. The $30-per-month offering within Microsoft’s productivity software only began its general release in November.
It’s worth noting that The New York Times has sued OpenAI and Microsoft, accusing them of copyright infringement. 📰⚖️
This isn’t the first time Microsoft has surpassed Apple in recent years. It did so in 2018 as its cloud computing business began to thrive and in 2021 when the pandemic disrupted Apple’s iPhone operations. However, this shift may signify a more fundamental change in the tech industry.
The key question is, “Who has the better strategy to reach the next level of $3.5 trillion?” According to Dan Morgan, a portfolio manager and analyst at Synovus Trust, a bank in the Southeast, Microsoft might be in a better position. “Apple has been struggling to find the next big thing.” 🤔💼
The iPhone, which made its debut in 2007, propelled Apple to the top of the stock market. Between 2009 and 2015, the company went from selling 20 million iPhones a year to over 200 million.
As device sales slowed down in recent years, Apple’s CEO, Tim Cook, shifted the company’s focus from selling more iPhones to selling more apps and services to existing iPhone users. This strategy drove Apple’s annual revenue to soar to $383 billion, nearly quadrupling its value since the end of 2011 when Apple’s co-founder, Steve Jobs, passed away. 💰📈
However, Cook’s strategy has shown signs of fatigue. The iPhone, which accounts for more than half of Apple’s revenue, has become known more for its incremental improvements each year than for groundbreaking innovations. Sales of iPads and Macs have declined, and the growth of services like Apple Music has slowed down.
Last year, the company experienced sales declines for four consecutive quarters. Nevertheless, Apple’s shares still rose by approximately 50 percent last year, and investors boosted its market value to nearly $3 trillion due to their belief that demand for the iPhone would persist.
Wall Street analysts have predicted that this year’s iPhone sales will be weak. The company faces challenges in China, where Huawei has released a new phone, and the government is restricting the use of foreign smartphones. 📉📊
While Microsoft and other tech giants have been building new generative A.I. businesses, Apple has been notably absent from the conversation.
During an analyst call last year, Tim Cook mentioned that Apple had ongoing work related to A.I. but did not provide many details.
In the past year, Apple engineers have been testing a large language model that can power a chatbot, as reported by The Times. The company has also held discussions with publishers about acquiring content to train generative A.I. systems. However, Apple has not released anything publicly.
“Apple needs to recognize that if they want to maintain their position as one of the most innovative tech companies, they have to embrace A.I. wholeheartedly,” said Gene Munster, managing partner at Deepwater Asset Management. 💡💬🍏
Apple has been focused on the release of an augmented reality headset called the Vision Pro. The device, set to launch on February 2, represents Apple’s first major new product category since the introduction of the Apple Watch in 2014. Analysts estimate that Apple will sell fewer than half a million units. 🕶️👓💻
