Even though Microsoft finished on top as last year ended, it was the beneficiary of a sharp market correction that took Apple and Amazon down 32% and 27% from their 2018 highs, respectively. But the software giant had never actually joined Apple and Amazon in the trillion dollar club; that is, until today. As spotted by the Wall Street Journal, a positive earnings report released by the gang in Redmond after the market closed last night has propelled the stock sharply higher. This morning, Microsoft’s shares reached a high of $131.37 and at that point, the company was worth $1.007 trillion dollars.

Microsoft investors have taken some profits, allowing the stock to drift back to $129.64 as we write this. That takes the company under the $1 trillion mark but doesn’t remove the accomplishment from the history books. Meanwhile, Apple and Amazon’s shares have recovered enough from last winter’s drubbing to make another run at a $1 trillion valuation. Apple, which reports earnings next week, is currently worth close to $975 billion. Amazon reports earnings later today and is currently worth $944 billion.

While some might say that Microsoft has failed miserably in the smartphone industry with Windows Mobile and Windows Phone, others might point out the success it has had with the Surface Pro high-end tablets. And more importantly for Microsoft, it owns a slew of Android-related patents that bring in a huge sum of money every year.

Microsoft joins Apple and Amazon in the trillion dollar club

Microsoft joins Apple and Amazon in the trillion dollar club



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