The world of finance is always in flux with ranks changing as stocks are traded in the market. This past week Microsoft surpassed Exxon Mobil in terms of market capitalization. Exxon Mobil had been the most valuable company until it was taken over by Apple a few years ago. Even though Microsoft surpassed Exxon Mobil, it is still nowhere near Apple just yet.
Apple’s rank was temporarily taken away from it when the Apple Maps mess was being dealt with, but that situation was soon resolved. Cupertino’s giant has since maintained a very high value which does not seem reachable by Exxon Mobil at least in the next few years.
Microsoft has been making good progress and its stock has been improving in the past year as a result. Microsoft saw a stock increase of 40% in the past year since January.
Microsoft’s market valuation is about $408 billion which exceeds Exxon Mobil’s market cap value at $402 billion. The decrease in Exxon’s market value is attributed to the decrease in fuel prices. These positions are expected to switch since both companies are looking good this year.
Daniel Ives, a tech analyst at FBR Capital Markets says that:
“Microsoft has made a strategic change,”
He said that compared to companies like IBM, Hewlett-Packard and Oracle:
“Microsoft has done the best job of trying to skate where the puck is going,”
Seems like Microsoft has taken some clues from Apple in this regard. Apple was known to take big bets on its products. Both Microsoft and Exxon Mobil are catching up to Apple, currently valued at $670 billion which is not likely to decrease.
Microsoft is now second most valuable company behind Apple
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