Back in 2019, Microsoft became the third company ever to reach a $1 trillion market cap, coming in just behind Apple. A few months ago Microsoft began to catch up to Apple, crossing the $2 trillion mark and now as of today, Microsoft has overtaken Apple as the world’s most valuable company.
Microsoft reached the $1 trillion milestone in Q2 2019, just behind Apple and Amazon. In August 2020, Apple reached a $2 trillion market cap and Microsoft closed the gap once again in June 2021.
Now, following on from Microsoft’s recent quarterly earnings report, the company has seen another surge in the stock market, bringing the company’s total market cap up to $2.44 trillion USD, as reported by the Wall Street Journal.
With this milestone, Microsoft has now surpassed Apple and become the most valuable company in the world. Continued growth can be attributed to Microsoft’s strong efforts in cloud, data and enterprise, as well as continued success in software services and the gaming market.
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KitGuru Says: The last ten years have been hugely impressive for Microsoft, finding new success in hardware devices, software and services, while also becoming one of the biggest cloud computing providers. We’ve come a long way from Microsoft only being known for Windows.