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Microsoft comes close to beating Apple as most valuable company

News Desk by News Desk
October 29, 2021
in Tech, World
Reading Time: 1 min read
Microsoft-Apple
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CALIFORNIA: With a surge in the business of Azure cloud computing, the shares of Microsoft have jumped to 4.2 per cent and are settled at a record high of $323.17. The market capital of the leading software company has jumped to $2.426 trillion. According to the stats by Refinitiv, Microsoft would soon meet the market value of Apple’s $2.461 trillion.

Microsoft has recorded a stock rise of 45pc in 2021, as demands for cloud-based services were high in the pandemic. As for Apple, only a 12pc increase in the shares has been recorded this year.

According to some analysts, Apple expects to achieve a rise in revenue by 31pc in the third quarter, making the adjusted earnings to $1.24 per share.

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