Microsoft has become a money-making machine, with cloud services and Office 365 becoming the two main catalysts of an astonishing growth the company has achieved in recent years.
This impressive performance is expected to continue over the next quarters until Microsoft reaches a market value of $1 trillion by the end of 2019 or early 2020, according to analyst Richard Davis of Canaccord.
The analyst believes that Office 365 will account for a larger portion of overall revenue, while Microsoft's CRM and marketing offering will perform strongly despite competition from Salesforce, Google , and Amazon.
Surprisingly, if Microsoft truly reaches a market value of $1 trillion, it will be the first technology company to achieve it, unless Apple beats it, of course.
Initially, Apple was expected to hit $1 trillion this year thanks to the iPhone X, but the latest analyst estimates suggest that demand and revenue are lower than expected.
This means that Apple would not be able to reach the 1 trillion target this year, thus expecting 2019 to bring this success. The company has prepared a refreshed iPhone lineup for 2018 that includes three different models, two of which are believed to have OLED screens.
It remains to see who manages to hit this historic milestone first, but now, both Microsoft and Apple seem to be very close to a great financial success.
