Bekker's Blog

Blog archive

An Update on the Trillion-Dollar Market Cap Race

Originally, the game was to become the first company with a trillion-dollar market capitalization. Apple won that race in August, and Amazon came in second in September.

After a brutal October for stock markets and tech stocks especially, the next phase of the game appears to be who can stay a trillion-dollar company and for how long.

Apple was still barely hanging on to its trillion-dollar status at the end of the trading day Friday, after a disappointing earnings report Thursday afternoon that included a big miss on iPhone sales, a softer-than-expected forecast for the next quarter, and news that it would start hiding iPhone, Mac and iPad unit sales numbers in future earnings reports. Apple did dip below the trillion-dollar mark during trading Friday but recovered.

Amazon fell out of the exclusive trillion-dollar club weeks ago, and its market cap was around $815 billion on Friday.

All of which leaves Microsoft, sitting at $810 billion on Friday, very much in the top tier of highly valued tech companies with a shot at the trillion-dollar tier. Other contenders include Alphabet (Google) at $741 billion and Facebook at $434 billion.

Unlike the others, Microsoft has largely escaped the fake news, privacy and labor scandals of the last few months, and seems to be sinking on broad market trends rather than fundamentals or investor dissatisfaction.

We'll stay tuned.

Posted by Scott Bekker on 11/02/2018 at 2:22 PM


Featured

  • Basic Authentication Extended to 2H 2021 for Exchange Online Users

    Microsoft is now planning to disable Basic Authentication use with its Exchange Online service sometime in the "second half of 2021," according to a Friday announcement.

  • Microsoft Offers Endpoint Configuration Manager Advice for Keeping Remote Clients Patched

    Microsoft this week offered advice for organizations using Microsoft Endpoint Configuration Manager with remote Windows systems that need to get patched, and it also announced Update 2002.

  • Azure Edge Zones Hit Preview

    Azure Edge Zones, a new edge computing technology from Microsoft designed to enable new scenarios for developers and partners, emerged as a preview release this week.

  • Microsoft Shifts 2020 Events To Be Online Only

    Microsoft is shifting its big events this year to be online only, including Ignite 2020.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.