A Microsoft exceeded Apple in market value and is once again the most valuable publicly traded company in the world. Valued at $2,49 trillion, the Windows maker now has a gap of about $2 billion over Tim Cook's company, which is valued at $2,47 trillion. The news comes days after Apple announced a loss of $6 billion in the third quarter of the year due to the shortage of chips. 2w5q5s
In addition to Microsoft's success in the cloud computing market, with its suite of solutions from the Azure division, the fall in the value of Apple's shares also contributed to the change in the scenario. To get an idea of Apple's current situation, in 2021 the company presented an advance of only 12% with its shares, while the percentage ed last year was 70%, a significant difference that may increase even more after Tim Cook says the impact will be even worse on year-end sales.
Despite the fact, this is not the first time that Microsoft has sured Apple in market value. The same happened last year, when sanitary restrictions to contain the covid-19 pandemic affected the supply chain of components for Apple products.
Microsoft on the rise 6u2l54
If for Apple the results recorded in the third quarter of the year were not so positive, the same cannot be said for Microsoft. That's because the company sured Wall Street's expectations when it released its financial data last Tuesday (26). Overall, revenue rose to $45,32 billion in the first fiscal quarter ended September 30, beating expectations of about $43,97 billion. This is Microsoft's fastest growth rate since 2018.
The company's smart cloud segment, which includes the Azure service (a rival to Amazon Web Services) generated revenue of $16,96 billion, up 31% year over year – Azure alone grew 50%. Net income rose to $20,51 billion, or $2,71 per share. The released data demonstrates the strength of its cloud computing business, showing that it is not just a ing opportunity.
The company's productivity division, which includes popular services like Office and LinkedIn, posted revenue of $15,04 billion in the period. The personal computing part, such as Windows and games, earned US$ 13,31 billion. The company is expected to continue at a good financial pace in the coming months, as recently released its newest operating system for computers and notebooks, Windows 11.
See also: 1ur5x
Despite the negative result released last week by Apple, the company's service revenue exceeded expectations. Check out the full data in this Showmetech article.
Source: The Verge.
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