Microsoft overtook Apple as the world's most valuable company
Microsoft Claims Global Market Cap Crown! With a 3.3% stock surge in the first two trading weeks of 2024, Microsoft's valuation hit $2.89 trillion, overtaking Apple's multi-year reign. What trends are driving this shift? Dive into today's news decoding.
There are two main indicators that companies look towards to drive growth: an increase in revenue and higher profit margins. At a glance, it seems Microsoft has been successful in achieving both.
From FY2018 to FY2023, the company has successfully transformed itself from a personal computing manufacturer into a leading cloud computing provider. In its Productivity and Business Processes segment, which includes popular services like Office 365, Microsoft has shifted to a subscription-based model, rather than selling traditional software licenses.
"How to Read Microsoft's Earnings: A Key Business to Understand" offered by moomoo Learn is a good course for deciphering earnings of big names.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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safri_moomoor : TAKEAWAYS
Anyway : At least when Jobs was running it they always managed to find just the right time to get into the market with a game changer product. They have always been secretive about that what they are working on next. Nobody can say for sure, if they are not cooking something right now that will shift the still nascent and emerging AI market next!
Moomoo Learn OP Anyway : Appreciate your sharing. Mooers like you are what keeps us motivated.