Microsoft v.s IBM Hardware vs. Software
The tale of hardware vs. software visualized through four decades of market cap development.
In 1986, $Microsoft (MSFT.US)$ went public with a market cap equaling 1% of $IBM Corp (IBM.US)$ 's, which at the time was the largest company in the world.
However, now in 2024 IBM's market cap equals 5% of Microsoft's, which is the largest company in the world with a market cap exceeding $3 trillion.
In the future, who will challenge Microsoft?
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