Microsoft is now a $2 trillion company! This is an elite club to be a part of. This is in addition to announcing Windows 11. It seems like it’s all good times for the tech giant. This means that Microsoft is now the second American publicly traded company ever to have a market capitalization of over $2 trillion. Apple achieved the same in August 2020, according to CNN Business.
Microsoft’s PC market grew by over 10 percent just in 2020 contributing to much of its success. According to several estimates, Microsoft seems to have kept up with that momentum in 2021 as well. The company’s success was also fed by a great response in its Surface devices, Xbox content, and cloud services. Microsoft claimed that its Intelligent Cloud segment cashed in $48 billion in the 2020 fiscal year.
With the aforementioned announcement of Windows 11, customers, whose computers don’t meet the minimum requirements, would be willing for upgrades. This would further add to sales.
The company’s market cap had risen above $2 trillion earlier this week, but it fell slightly by the time the markets shut. Although today was the day that the milestone was to be crossed. According to Yahoo Finance, Microsoft comfortably made it to market closing with a cap of $2.009 trillion.
Satya Nadella: A Visionary
Satya Nadella, the Microsoft CEO and Chairman wrote in his book Hit Refresh about his first day as the CEO back in early 2014. “If there was anyone theme I wanted to emphasize that day, it was that we must discover what would be lost in the world if Microsoft just disappeared. We had to answer for ourselves, what is the company about? Why do we exist? I told them it was time for us to rediscover our soul — what makes us unique.” His dream has surely taken shape into reality.
