Microsoft has reached the trillion dollars in stock market for the first time in its history after publishing its financial results of the third quarter. Its share of the video game market has been one of the responsible for this milestone, but it has not been the most crucial one. In fact, despite having grown 5% annually, sales of Xbox have been rather disappointing. The 2360 million dollars in video games, according to Microsoft, have been “less than expected.” However, the company continues to value the opportunities offered by videogames, mainly due to the “increasing participation of users.”
The PC market, on the other hand, has presented better results than expected, with profits of 10 700 million dollars: 8% more than the previous quarter. The company attributes this increase to the improvement of chip supply. However, where the company has seen the most revenue is in the cloud, where they have grown 41% annually.
Microsoft is the third company to reach trillion dollars, along with Amazon and Apple. Currently it costs more than Exxon Mobil, Visa, Advanced Auto Parts, Stanley Black and Decker and Dollar Tree combined. It costs more, in fact, than Turkey’s gross domestic product and double that of Belgium. Now the key will be to maintain that valuation. The company has already warned that this depends on many factors, such as competition. However, it has been a strong year for Redmond.