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Microsoft Became The World's Most Valuable Company, Surpassing Apple

Most Valuable Company: Microsoft generated 50 percent more revenue from cloud services in the September quarter.

By contentwriteramisha

Microsoft Became The World's Most Valuable Company, Surpassing Apple

Microsoft has now become the company with the largest market cap in the world. Apple shares fell up to 3 percent when the US stock market opened on Friday. That company was valued at Rs 180.75 lakh crore ($ 2.41 trillion). The reason behind such a huge fall is that the company is not considered to be making profits as per the estimates.

Microsoft stock rises up to 45%

Microsoft shares rose just 1 percent. It became the world's most valuable company with a market cap of Rs 183.75 lakh crore ($2.45 trillion). The company's stock has risen more than 45 percent this year. Apple shares have climbed 15 percent this year. Sophie Lund-Yates, an equity analyst at Hargreaves Lansdowne, said: "Apple is also more exposed to supply chain disruption than our hardware-focused FAANG peers.

Apple announces buyback

Apple has repurchased $421.7 billion in the last few years. It announced a massive $90 billion share buyback in April. Due to this the outstanding stock pool of the company keeps on decreasing. It ends its fiscal fourth quarter with 16.4 billion shares.

Nadella's hand in advancing Microsoft

Let us tell you that Indian-origin CEO Satya Nadella has a big hand in taking forward Microsoft. Nadella took over the reins of the company in 2014. After that, he changed the company completely. Under his leadership, Microsoft has grown from PC software to software-as-a-service and cloud computing company. Microsoft acquired 91 companies under Satya. The company's income has now doubled.

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