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Microsoft overtakes Apple and becomes the most valuable company by capitalization

Microsoft on Friday surpassed Apple as the world’s most valuable listed company On reaching $ 2.48 trillion market capitalization.

Apple surpassed Microsoft in May 2010 when both companies traded in the vicinity of $ 226 billion. At that time, the capitalization ranking was led by the oil company ExxonMobil and Apple’s rise in valuation on the stock market was truly incredible, considering that only two years earlier it was not even among the 50 largest companies in the world.

Since then, Microsoft had only surpassed Apple in specific moments. In fact, those of Cupertino occupy the first world position in capitalization since last July they surpassed the Saudi government firm Aramco.

The change in the classification last Friday seems motivated by the presentation of Apple’s financial results that did not meet profit expectations investors had amid a worrying chip shortage from the aftermath of COVID that Tim Cook said had brought him about $ 6 billion in revenue for the quarter.

For its part, Microsoft reported quarterly revenues of 45,320 million and earnings of $ 2.27 per share, significantly better than investors expected. Revenues increased 22 percent driven in large part by the demand for services in Azure.

«A large part of Microsoft’s success is due to its focus on its cloud business, which has increased revenue share compared to other business units.«Gartner analyst Mikako Kitagawa told The Register. «Microsoft has been focusing on the cloud business for a few years now and its efforts are paying off so far. What’s more, Apple remains a hardware-focused vendor and is affected by the current semiconductor shortage«, They explain.

This is how Microsoft’s surprise to Apple is understood, which is not less significant due to its specificity, although those from Cupertino continue to lead by a great distance over any technology in terms of income, profits and brand image.

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