Microsoft topples Google to become third largest valuable company

Tech giant Microsoft has overthrown Google in being the third largest valuable company after Apple and Amazon.

Microsoft, having a net worth of $753 billion, is on the third spot of being the world’s third largest valuable company, as it has overthrown for the first time Google’s parent company Alphabet that is now valued at $739 billion.

As The Verge lists, the first two ranks are held by Apple and Amazon with a net worth of $923 billion and $782 billion respectively. The fourth position is now taken by Alphabet Inc. followed by Facebook.

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However, the predictions are that this position might be a temporary one as the two companies have traded positions quite a few times in recent years. However, Microsoft’s stock price has been double since the last four years after Satya Nadella was crowned the CEO of the company.

Since his time, Nadella has made numerous advancements in Microsoft’s cloud computing technology and artificial intelligence. He focused new emerging technologies from old software and hardware business, wrote Tech Juice.

Speaking about revenue generation, Apple’s iPhone accounts for around 60% of its entire revenue, whereas Google generated about 90% of its revenue from advertising. However, Microsoft’s Windows, Surface and gaming division make up around 35% of its revenue, with cloud taking around 30% and Office and productivity at over 30%.

Moreover, few analysts believe that soon the company’s cloud business could double in the next few years, pushing its market value towards $1 trillion.