Microsoft is now a $2 trillion firm

Microsoft can add ending the day as a $2 trillion company to the checklist of issues it’s completed at this time, alongside saying Windows 11. That makes it the second American publicly traded firm ever to have a market capitalization of over $2 trillion (the opposite member of the membership being Apple, which achieved it in August 2020), according to CNN Business.

It’s straightforward to see how 2020 contributed to Microsoft’s success: the PC market grew by over 10 p.c in 2020, based on estimates from IDC and Canalys, and appears to have stored a few of that momentum this 12 months. Microsoft additionally noticed success with with its Surface units, Xbox content material, and cloud providers — the corporate says its Intelligent Cloud phase brought in $48 billion alone in its 2020 fiscal 12 months.

There’s additionally, in fact, the aforementioned announcement of Windows 11, which might drive upgrades for individuals whose computer systems don’t meet the minimal necessities.

The firm’s market cap briefly rose above $2 trillion earlier this week, however it had fallen ever so barely beneath the mark by the point markets closed. Today, Microsoft was in a position to make it to market closing with a cap of $2.009 trillion, according to Yahoo Finance.