HomeWinBuzzer NewsAmazon Ends Microsoft's Five-Week Reign to Become World's Most Valuable Company

Amazon Ends Microsoft’s Five-Week Reign to Become World’s Most Valuable Company

Amazon has surpassed Microsoft to become the most valuable company in the world after a strong holiday sales performance. Both have taken the crown from Apple, which previously sat at a market cap of a trillion.

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After five weeks in the spotlight, is no longer the world's most valuable company. The tech giant overtook in November but has been surpassed by , whose market cap sits at 796 billion versus its 783.

Following a strong holiday sales period, Amazon's stock price rose by 3%, edging past. Meanwhile, Apple's stock continues to fall, sitting at 701 billion versus its previous trillion.

To some, this indicates a general long-term shift in the tech industry. While most of Apple's focus is on consumer devices, both Microsoft and Amazon are giants in the cloud industry. Alongside that, Amazon continues to dominate in the smart speaker market, sitting at an estimated 64.6% in the US versus Apple's 4.5%.

A Cloud and AI Future

Investors appear to see these categories as having much more potential for long-term growth, while are saturated with competitors. Apple is also experiencing reduced sales, warning last week that its quarterly revenue will be over 5 billion lower than expected.

Microsoft's Cortana has just one smart speaker and has pretty much conceded the market, instead planning to focus her on productivity. That enterprise focus is responsible for much of the company's rise over the past few years, with Office 365 and Azure propelling it to an all-time high.

It's likely the three companies, alongside , will continue to fight for the top spot over the month. Ultimately, it's an accolade that sounds impressive but could change at any moment. Google has some catching up to do at 745 billion, but Microsoft was in that position not too long ago.

Ryan Maskell
Ryan Maskellhttps://ryanmaskell.co.uk
Ryan has had a passion for gaming and technology since early childhood. Fusing the skills from his Creative Writing and Publishing degree with profound technical knowledge, he enjoys covering news about Microsoft. As an avid writer, he is also working on his debut novel.

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