Microsoft surpasses Apple as most valuable public company
November 30, 2018
Microsoft's big bet on cloud computing is paying off as the company has surpassed Apple as the world's most valuable publicly traded company.
The software maker's prospects looked bleak just a few years ago, as licenses for the company's Windows system fell with a sharp drop in sales of personal computers.
But under CEO Satya Nadella, Microsoft has found stability by focusing on software and services over the internet, or the cloud, with long-term business contracts.
That 1990s personal-computing powerhouse is now having a renaissance moment, as it eclipses Facebook, Google, Amazon and the...