Microsoft, the world’s largest tech company, has become the second-largest US public company to reach a market value of $ 2 trillion. Earlier, Apple had reached a market value of 2 trillion dollars for the first time. With Microsoft’s share price rising 1.1% on Tuesday, the company’s market value reached 2 trillion dollar.
Microsoft’s market value reached 1 trillion dollars two years ago, but now, within two years, the company has made history by reaching 2 trillion-dollar company after Apple.
The covid-19 epidemic is forcing more and more people to stay home with electronic devices for maximum time. Sales of Microsoft’s computers, gaming systems and cloud computing have been high while working from home. This has led to an increase in the share price along with an increase in the company’s business.
Microsoft’s share price has risen 64% since March 2020. According to public data released in April, Microsoft posted revenue of Rs 41.70 billion in the January-March quarter, up 19 percent from a year earlier.
2 Trillion Dollars Companies
Apple was the first 2 trillion dollar company. After it Microsoft reached the position of 2 trillion dollar market capital. Apple’s current market value reached 2.24 trillion dollars, up from 2 trillion in August last year. Amazon also has a market cap of 1.77 trillion. Google’s parent company Alphabet has a market capitalization of 1.67 trillion.
Saudi Arabia’s Aramco is the only public company outside the United States to reach a market value of 2 trillion. Aramco, which issued shares in 2019, had a market value of more than 2 trillion dollars in the past, but now has a market value of 1.88 trillion.