Microsoft passes Apple to become the world's most valuable company

in market cap on Friday, making it the world's most valuable publicly-traded company, after Apple missed earnings expectations on Thursday.

Apple reported revenue that fell short of Wall Street expectations during the company's fiscal fourth-quarter on Thursday, a result of supply chain constraints. CEO Tim Cook told CNBC's Josh Lipton the revenue shortfall is estimated at $6 billion, but he expects worse supply chain issues in the December quarter.

IPhone sales at the company were up 47% year-over-year but also fell short of analyst expectations. The company's fourth-quarter only included a few days of iPhone 13 sales.

It was coming!! 🔥🔥🥶

M...Boom...

It had to be Microsoft

For today.

The guy who is the biggest shareholder of Microsoft as a person. 😁

That’s a shocker

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