Microsoft does something that only Apple and Amazon have ever accomplished before

Microsoft does something that only Apple and Amazon have ever accomplished before
You didn't have to be a techie, a fan boy or wealthy investor to enjoy the two-horse race last year between Apple and Amazon. Both companies were neck and neck in a race to be the first publicly traded U.S. firm to reach a trillion dollar valuation. Last August 2nd, Apple hit the milestone first, followed by Amazon almost exactly one month later. And that's why it was such a surprise when Microsoft finished 2018 as the most valuable public company in the U.S.

Even though Microsoft finished on top as last year ended, it was the beneficiary of a sharp market correction that took Apple and Amazon down 32% and 27% from their 2018 highs, respectively. But the software giant had never actually joined Apple and Amazon in the trillion dollar club; that is, until today. As spotted by the Wall Street Journal, a positive earnings report released by the gang in Redmond after the market closed last night has propelled the stock sharply higher. This morning, Microsoft's shares reached a high of $131.37 and at that point, the company was worth $1.007 trillion dollars.

Microsoft investors have taken some profits, allowing the stock to drift back to $129.64 as we write this. That takes the company under the $1 trillion mark but doesn't remove the accomplishment from the history books. Meanwhile, Apple and Amazon's shares have recovered enough from last winter's drubbing to make another run at a $1 trillion valuation. Apple, which reports earnings next week, is currently worth close to $975 billion. Amazon reports earnings later today and is currently worth $944 billion.

While some might say that Microsoft has failed miserably in the mobile industry with Windows Mobile and Windows Phone, others might point out the success it has had with the Surface Pro high-end tablets. And more importantly for Microsoft, it owns a slew of Android-related patents that bring in a huge sum of money every year.

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5 Comments

1. f_u_006

Posts: 121; Member since: Mar 19, 2014

Despite not having Apple and Amazon's figures, I am still very grateful for the contributions Microsoft and its products made to the world. They're invaluable!

2. jacky899

Posts: 431; Member since: May 16, 2017

I agree, Microsoft has always been one of my favorite companies. MS/Bill Gates contributed tremendously to the tech industry. I do hope they get back into the mobile industry with a phone that can run full Windows desktop, perhaps a flip phone when the tech matures. I was waiting to buy a "newer" generation of the Windows Phones that was never released.

3. digitalnidizajn

Posts: 2; Member since: Apr 25, 2019

MS gave us all a lot, I still am using windows phone, hard to let go, am having all I need, looking for new device almost a 3 years now, don't now where to begin, always is lacking of something, even money is not a big issue, just endlessly browsing

4. utopia2244

Posts: 11; Member since: Aug 13, 2015

Alan Friedman, the master of clickbait style titles. The worst of tech journalism. You should work for gizchina not phonearena

5. ShadowHammer

Posts: 208; Member since: Mar 13, 2015

Usually when people say "clickbait," they are referring to the title not matching the content of the article to draw you in. In this case, the article and title match, even if the title is a bit mysterious. I suppose you can get away from that by saying "clickbait style titles," but to me, this article ranks pretty low on that scale. But hey, each to their own.

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