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

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.

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.




Please login with linkedin to comment

Apple Microsoft

Latest News

Revium Snags Peter Bauld From Deloitte Digital
  • Advertising

Revium Snags Peter Bauld From Deloitte Digital

Revium, a leading full-service digital and AI consultancy, has announced the appointment of Peter Bauld (lead image) as Executive General Manager. Revium is a full-service digital and AI consultancy with over 20 years of experience creating engaging digital experiences for leading organisations and their customers. Bauld joins Revium after an illustrious career spanning over two […]

Veridooh Snatches Prashand Menon From ScentreGroup
  • Advertising

Veridooh Snatches Prashand Menon From ScentreGroup

Out-of-home OOH) and digital media leader Prashand Menon (lead image) has joined OOH ad tech company Veridooh as group business director within NSW and QLD. Menon joins Veridooh from his most recent role as ScentreGroup’s group business director and brings with him more than 10 years of experience in Australian media. Previously, he held positions […]

Kat & Co Transforms Into THE WORLD OF Experiential Agency
  • Advertising

Kat & Co Transforms Into THE WORLD OF Experiential Agency

After more than twelve years of producing experiences for some of the world’s most innovative brands, including Hermes, Van Cleef & Arpels, Louis Vuitton, and Tiffany & Co, Kat & Co has quietly metamorphosed into THE WORLD OF. THE WORLD OF is an experiential agency at the juncture of culture, technology and the human condition. […]

SMG Studio Launches Risk: Global Domination X Dune Part Two
  • Campaigns

SMG Studio Launches Risk: Global Domination X Dune Part Two

Through a licensing agreement with Legendary Entertainment, SMG Studio inked the rights to adapt Dune: Part Two into a game based on Risk: Global Domination, Hasbro’s interactive board game. Inspired by Denis Villeneuve’s cinematic masterpiece, Dune: Part Two, this new digital adaptation, RISK: Global Domination X Dune: Part Two, is poised to captivate players from […]

QMS: Taylor Swift, Lunar New Year & Mardi Gras Were Boon For OOH Market
  • Marketing

QMS: Taylor Swift, Lunar New Year & Mardi Gras Were Boon For OOH Market

Taylor Swift, Lunar New Year and the Sydney Gay and Lesbian Mardi Gras Festival have had a dramatic impact on the number of people moving in and around Sydney over the past month, drawing big crowds into the heart of the city and its surrounding suburbs. New data from digital outdoor company QMS reveals a […]