Microsoft Leapfrogs Apple To Win Title Of World’s Most Valuable Company

Microsoft Leapfrogs Apple To Win Title Of World’s Most Valuable Company

by  @lauriesullivan, (December 03, 2018)

Microsoft Leapfrogs Apple To Win Title Of World's Most Valuable Company | DeviceDaily.com

Market capitalization can change rapidly for many reasons, but last week Microsoft quietly became the world’s most valuable company in terms of market capitalization. It occurred on Wednesday and continued to play leapfrog with Apple through the week.

Microsoft took the No. 1 spot from Apple last week, surpassing fellow rivals Amazon, Facebook and Alphabet to close the day with a market cap of $851.36 billion — nearly $4 billion higher than the iPhone and Mac maker.

Citing FactSet, The Wall Street Journal reports a market cap of $847.4 billion for Apple, followed by $826.4 for Amazon and $766.4 billion for Google’s parent company Alphabet.

By Monday at 4 p.m. Eastern, the situation had normalized a bit. Microsoft’s market cap stabilized at $112.09 and Apple’s at $184.82.

The enterprise business powers Microsoft these days, with CEO Satya Nadella at the helm and a strong hold on digital. The engineer-turned-chief executive pushed Microsoft into cloud computing and digital services.

Under Nadella’s direction, Microsoft also strengthened artificial intelligence across its products, making Microsoft Bing the default search engine and Cortana the voice assistant for Surface PCs and the Windows operating system.

Amazon Web Services still dominates the business cloud market, but Microsoft Azure has been gaining market share. Google is trying to catch up.

In November, Google Cloud launched Google Transfer Appliance (GTA), a European version of its service for uploading data to the cloud by mail. Using a cloud onboarding appliance, customers can send large amounts of data to be uploaded to the Google Cloud.

Some believe this is Google’s latest attempt to catch up to Amazon Web Services’ and Microsoft Azure’s “upload-by-mail” model.

The statistic depicts Microsoft’s revenue from intelligent cloud services from the first quarter of 2015 to the most recent quarter. In the first quarter of fiscal year 2019, Microsoft generated 8.57 billion U.S. dollars in revenue from intelligent cloud services.

Productivity software also continues to help build Microsoft’s success. “The commercial version of Office 365 — a cloud-based subscription version of the traditional Office software — is among the fastest-growing pieces of a segment that accounts for roughly a third of Microsoft’s revenue,” per the WSJ.

MediaPost.com: Search Marketing Daily

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