After Apple stock tanked following the company’s earnings call on Thursday, arch rival Microsoft overtook it to become the world’s most valuable company with a market cap of $2.46 trillion. But Apple isn’t far behind.
Cupertino’s market cap currently sits at around $2.43 trillion. Apple has warned, however, that ongoing supply issues could lead to weaker-than-expected results for the final quarter — typically Apple’s most lucrative — of the year.