Apple faces challenge from Microsoft for world’s most valuable company title

A recent dip in Apple’s (AAPL.O) stock over worries about iPhone sales has left the Silicon Valley tech heavyweight in danger of being overtaken by Microsoft (MSFT.O) as the world’s most valuable company.

According to international media reports, fresh worries about smartphone demand have pushed Apple’s shares down 4% so far in 2024 after rallying 48% last year. Microsoft is up about…