Monday , September 26 2022

Microsoft joined the club with a $ 1 trillion worth of companies


Microsoft joins an elite club, the only membership requirement of which is a market capitalization of $ 1 trillion or more, while at the same time the company is the title of the most expensive private company in the US and the world.

The software giant recently overcame the barrier when its stock jumped more than 4 percent due to expected earnings and profits. In the third quarter, Microsoft's revenue was $ 30.6 billion, and the net profit was $ 8.8 billion, primarily thanks to the high performance of Windows, Xbox, search and Surface departments.

This appreciation of the securities has made Microsoft a third US company that has achieved such a monstrous market capitalization. Last August, Apple became the first US company to achieve this goal, but its current market capitalization is $ 976 billion, and for later Amazon joins Apple, but is now estimated at $ 935 billion.

So now, according to the total value of its shares, Microsoft is the most expensive company in the US (and apparently in the world). The software giant, however, was circumventing Apple's market capitalization in November last year. Microsoft officially did not comment on overcoming this psychological level of $ 1 trillion.

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