Microsoft Becomes Third Company to Reach 1 Trillion Dollars in Value

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Microsoft Becomes Third Company to Reach 1 Trillion Dollars in Value

Nicholas Convis, Contributor

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There are 3 companies that have officially been grossed at 1 trillion dollars. The first was tech mogul Apple. Shortly after Amazon, an online shopping app/website, reached the valuation. The newest of the trillion dollar trio is none other than Apple’s biggest competitor, Microsoft. The CEO, Bill Gates has always been regarded as one of the richest men in the world. “Microsoft’s stock has been pushed up thanks to its cloud growth. The software maker has been pushing its cloud products in recent years, and the company is aiming to catch up to Amazon’s AWS dominance. Azure is currently second behind Amazon for cloud services, and ahead of Google’s own offerings.” A statistic shows that if Bill Gates were to drop a $100 dollar bill, it literally would not be worth his time to pick it up, because by the time he bends over and retrieves it, he’s already made another $200. So this is no surprise that his company has reached 1 trillion dollars. “Microsoft’s stock price opened at $130 per share today, up around four percent from the $125 closing price yesterday. While the stock price will likely fluctuate a lot today, the company has hit the $1 trillion market during NASDAQ day trading hours this morning.”

Many people may wonder how a computer company can be valued at 1 trillion dollars. The answer to that is simple: variety. Microsoft is known for their computers, but they also produce cell phones and software. They have created a product and manufactured everything they can for it, reducing the cost of the product, while simultaneously increasing efficiency and the profit margin. A trillion dollar company cannot be run without the help of amazing teams and leaders. “Under chief executive Satya Nadella, the company has spent the past five years shifting from reliance on its once-dominant Windows operating system to selling cloud-based services. Its flagship cloud product Azure competes with market leader Amazon Web Services to provide a computing platform for businesses. Microsoft also operates the Outlook 365 email service.” ” The company – founded by Bill Gates in 1975 – today incorporates businesses including the Xbox gaming console, career-focused social networking site LinkedIn, and Surface laptops. Latest results for the third quarter to the end of March showed revenues up 14% to $30.6bn (£24bn) and profit 19% higher at $8.8bn (£6.8bn). The figures, boosted by an unexpected uptick for Windows revenue, beat analysts’ expectations. Investors were also cheered by predictions of further growth for the cloud computing business.”

https://www.theverge.com/2019/4/25/18515623/microsoft-worth-1-trillion-dollars-stock-price-value

https://news.sky.com/story/microsoft-becomes-third-company-to-reach-1tn-valuation-11703524

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