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Tag: Saudi Aramco

  • Apple Hits $2.5 Trillion Market Capitalization

    Apple Hits $2.5 Trillion Market Capitalization

    Apple hit another major milestone, becoming the first US company to cross the $2.5 trillion valuation.

    Apple is in an elite club of companies worth more than $1 trillion. The iPhone maker is now the first US company to cross $2.5 trillion, following a two-day stock rally. The company crossed the milestone in intraday trading Wednesday, according to AppleInsider.

    There are currently only two US companies worth $2 trillion or more: Apple and Microsoft. The only other company in the world to cross the $2 trillion mark is Saudi Aramco. Amazon is widely anticipated to be the likely third US company to cross the threshold in the coming months.

    With today’s milestone, Apple is well on its way to becoming the first $3 trillion company.

  • Microsoft Joins Exclusive $2 Trillion Club

    Microsoft Joins Exclusive $2 Trillion Club

    Microsoft has become just the third company in the world to cross $2 trillion valuation.

    Only a few companies have crossed the $1 trillion threshold, including PetroChina, Apple, Amazon, Microsoft, Saudi Aramco and Alphabet. Of those companies, only Saudi Aramco and Apple had previously crossed $2 trillion.

    Microsoft now joins the $2 trillion dollar club, becoming only the third company to do so. Much of the company’s success is as a result of Satya Nadella’s leadership. Under Nadella, Microsoft has shifted its focus to the cloud, becoming the second-largest cloud platform.

    Nadella has also lead Microsoft toward becoming a better team player in the larger tech industry. The company was once known for brutal competitiveness, squashing threats with a vengeance and using its dominance on the desktop to do so. Such behavior landed the company in hot water with the government, leading to the landmark antitrust trial of the early 2000s.

    In recent times, the company has stopped focusing so much on protecting its own desktop OS and, instead, has pivoted to making its software and services available on a wide array of platforms. The company has also embraced open source software, and is a major contributor to a number of important projects.

    All of this has lead the company to new heights, while also helping it avoid much of the antitrust scrutiny its rivals are currently under. If there was any doubt about the direction Nadella has led the company, crossing this most recent threshold is a major validation of his leadership.