Microsoft achieves market capitalization of $ 2 trillion, the second feat of a US listed company
On Tuesday, June 22, 2021, Microsoft's market capitalization reached $ 2 trillion for the first time. This is the second listed company in the United States to reach $ 2 trillion in corporate value, after Apple.
Microsoft hits $ 2 trillion market cap for first time --GeekWire
Microsoft's first-quarter 2021 sales were $ 41.7 billion, up 19% year-on-year, due to increased demand for PCs and web services due to the impact of the new Coronavirus pandemic. Profit reached $ 15.5 billion, an increase of 44% year-on-year. In particular, sales were much higher than expected, the largest year-on-year increase since 2018.
Microsoft's stock price is also steadily rising, rising by more than 20% since the beginning of 2021. This is a rate of increase that exceeds Apple and Amazon.
And on June 22, 2021, the stock price temporarily rose 1.2%, making Microsoft the second-ever US-listed company to reach a market capitalization of $ 2 trillion.
Investor Wedbush Securities said, 'Microsoft Azure is still in its infancy and is in a strong position to gain cloud market share from competing services such as Amazon Web Services and Google Cloud.' We expect Microsoft to grow further in the future.
Wedbush Securities analyst Dan Ives said, 'With remote work expected to become the norm, the move to the cloud is progressing around the world, and Microsoft is just entering the next stage of growth. 'By expanding Azure and Office 365 even further, Microsoft will be at the heart of the corporate cloud market,' he said.
Apple is the first US-listed company to reach a market capitalization of $ 2 trillion. Apple has market capitalization of $ 1 trillion (about 110 trillion yen) and 1.5 trillion dollars (about 165 trillion yen) also, we are the first time achieved as a US listed company.
Apple's market capitalization surpasses 210 trillion yen, becoming the first $ 2 trillion company-GIGAZINE
Geek Wire predicts that the next breakthrough in the $ 2 trillion market capitalization will be Amazon, which is valued at $ 1.77 trillion at the time of writing.
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