Microsoft has become the third US company to pass a market cap of $1 trillion. The software giant passed the milestone briefly this week after a jump in stock price following strong fiscal Q3 earnings. Microsoft joins Apple and Amazon in hitting the $1 trillion valuation ahead of rival Google.
Microsoft has overtaken Apple in market cap value for the first time in eight years. Microsoft briefly reached a market cap value of $812.93 billion this week, followed by Apple at a market cap of $812.60 billion. It made Microsoft the world’s most valuable company, even if it was only a temporary title. Microsoft and Apple are now trading back and forth for the title.
Microsoft’s latest earnings also revealed that the three main buckets the company splits its businesses up into are all doing well and roughly contributing the same amount of revenue this quarter (around 30 percent each).
- Office, LinkedIn, and Dynamics = $10.2 billion in revenue
- Azure cloud, server products, and enterprise services = $9.7 billion in revenue
- Windows, Xbox, and Surface = $10.7 billion in revenue
Microsoft failed spectacularly in the mobile era with its Windows Phone efforts, but the company has shown it’s resilient. Microsoft is now focused on cross-platform technologies, the cloud, artificial intelligence, and is aiming to secure the future of quantum computing and mixed reality computing.
All of these efforts will face intense competition from Apple, Google, Amazon, Facebook, and other companies, so expect to see a lot of market cap position trading in the years ahead
