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Reading: Microsoft Reaches $US2 Trillion Value As Apple Eyes $US3 Trillion
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B&T > Technology > Microsoft Reaches $US2 Trillion Value As Apple Eyes $US3 Trillion
Technology

Microsoft Reaches $US2 Trillion Value As Apple Eyes $US3 Trillion

Staff Writers
Published on: 23rd June 2021 at 8:58 AM
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Los Angeles, California USA - February 11, 2018. Buildings at Microsoft Square in downtown Los Angeles USA. It is part of L.A. Live complex and Microsoft theater offer live concert and award venue. Many famous restaurants are located in this square.
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Apple made history recently when it became the second company ever to reach a $US2 trillion ($2.7 trillion) market value.

So it was little surprise today to see another tech giant become the third company ever to reach this milestone.

Microsoft’s shares rose 1.1 per cent on Tuesday, meaning the company started by Bill Gates in 1975 briefly eclipsed $2 trillion in market value.

It fell slightly before the close of trading, meaning it finished the day around $US300 million short of the $US2 trillion figure.

And according to investors, this value could continue climbing on the back of Microsoft’s dominance in cloud computing and enterprise software.

This growth has also coincided with the beginning of the pandemic and the shift to remote work, with Microsoft’s stock growing 64 per cent since March 2020.

The first company to reach $US2 trillion was oil business Saudi Aramco, which hit the figure in December 2019. However, its market value has since fallen to around $US1.88 trillion.

With Apple continuing to surge ahead on the back of its new M1 Chip and iPhone sales and Microsoft’s post-pandemic boom – the question is now who will be the first to reach $US3 trillion?

According to Loup Ventures’ Gene Munster, the incoming wave of 5G technology gives Apple a “clear path” to a $US3 trillion market value.

Analyst Daniel Ives also agrees, according to AppleInsider, and suggests Apple could hit $US3 trillion by 2022.

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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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