If you haven’t heard of Microsoft, then you’ve definitely been living under a rock. Microsoft is synonymous with the internet itself – in fact, the internet wouldn’t really exist if it wasn’t for this multi-national corporation.
Founded by Paul Allen and Bill Gates, Microsoft develops, supports, manufactures, sells, and licenses computer software, personal computers, and electronics. It is best known for its operating system Microsoft Windows, which most people have on their computer. They are also responsible for Xbox.
Let’s do a deep dive into the company’s history and net worth.
Paul Allen and Bill Gates were friends throughout childhood, who wanted to go into business together around their interest and passion in computers. They founded their first company together in 1972, and it was a company that sold rudimentary computers that could track data.
In 1975, they landed a deal with MIT that said that they would help distribute the interpreter for the computer they had developed at the time. That same year, they came up with the idea of Microsoft, and the name was suggested by Allen, while Gates resided as CEO.
In 2000, Bill Gates was replaced as CEO by Steve Ballmer. Steve has taken on the responsibility of coming up with tablet computers and developing Microsoft Mobile. After 14 years of being CEO, he was replaced by Satya Nadella in 2014.
The company itself has a bit of a troubled past. It used to be a huge company, but since the dawn of the computer, other companies have done really well as well with them, like Apple, and they have since lost a bit of their spark.
Their stock price has fluctuated over the years. However, in 2014, Nadella took over as CEO, and since then Microsoft has done really well. They have figured out what works for them, and what doesn’t, and they plan on sticking to this.
They have decided to turn away from smartphones, and instead focus on supplying technology to business customers, which is what they did when they first became a business. They have also completely embraced the idea of cloud computing, and the company has had a big shift culturally, making it once more a great place to work.
Naturally, Microsoft and Apple have been in direct competition for a couple of decades now. When Microsoft had its moment a few years ago, Apple thought that it would be ahead for a long time. Now, though, Microsoft has surpassed Apple once again to be the most valuable publicly traded company in the world.
Microsoft is officially in the trillion-dollar club and is the third company to enter it. The only other companies in the world that have reached this level of worth have been Apple and Amazon. This is largely based on the cloud-computing field of their businesses.
Investors tend to favor companies like Microsoft, because they can steadily lift sales and not fluctuate too much like other companies. We imagine that it’s only up from here for Microsoft.
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