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Microsoft Becomes The Most Valuable US Company

Microsoft's gaming revenue increased 44 per cent with Xbox software and services revenue growth of 36 per cent while Surface revenue increased 14 per cent

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Kaizala app helping 1,000 Indian firms boost workplace productivity: Microsoft. Pixabay
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Microsoft has become the most valuable US company with $753.3 billion in market capitalisation, riding past Apple for the first time since 2010 when it came close to the Cupertino-based tech giant.

Apple, which became the first $1-trillion US company in August, came down to $746.8 billion on Friday, owing to lower-than-expected iPhone sales amid reports of its suppliers cutting cost and workforce.

Amazon with $736.6 billion is currently at third and Alphabet (the parent company of Google) with $725.5 billion is at the fourth spot.

“With Microsoft now overshadowing all three, including Alphabet Inc, the firm now looks to be the most valuable tech company of the Silicon Valley giants,” mspoweruser.com reported.

The investors are now betting big on companies with robust Cloud services and software services which are witnessing an increased demand from big and small enterprises the world over for their digital journey, at a time when giants like Facebook and Google face intense scrutiny for users’ data practices.

Riding on its growing Azure Cloud, gaming and Surface laptop portfolio, Microsoft posted a revenue of $29.1 billion and net income of $8.8 billion for the first quarter of its 2019 financial results.

Revenue was up 19 per cent while net income increased by 34 per cent. Operating income was $10 billion and increased 29 per cent.

“We are off to a great start in fiscal 2019, a result of our innovation and the trust customers are placing in us to power their digital transformation,” CEO Satya Nadella said in a statement.

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A sign for Microsoft is seen on a building in Cambridge. VOA

Revenue in Intelligent Cloud was $8.6 billion and increased 24 per cent. Server products and Cloud services revenue increased 28 per cent driven by Azure revenue growth of 76 per cent, Microsoft informed.

Revenue in More Personal Computing was $10.7 billion and increased 15 per cent.

“Windows commercial products and Cloud services revenue increased 12 per cent,” said the company.

Microsoft’s gaming revenue increased 44 per cent with Xbox software and services revenue growth of 36 per cent while Surface revenue increased 14 per cent.

Also Read- Xiaomi Sold Six Lakh Units of Redmi Note 6 Pro During Black Friday Sale

On the other hand, slower-than-expected demand has reportedly led Apple to direct its top phone assemblers, Foxconn and Pegatron, to halt a planned production boost for iPhone XR, a relatively cost-effective model that hit the shelves late last month.

Foxconn, a Taiwan-based company, would produce around 100,000 fewer units daily to reflect the new demand outlook, down 20-25 per cent from the original optimistic outlook, Japanese financial paper Nikkei reported earlier this week.

The estimates of iPhone XR have been cut by nearly 30 million shipments, according to an Apple analyst.

Ming Chi-Kuo, an Apple analyst working with TF International Securities, said earlier this month that shipment forecast for the iPhone XR has been cut from 100 million units to 70 million units during the product lifecycle. (IANS)

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Microsoft Surface Go Now Available on Flipkart

For users who require connectivity via video calls, the Surface Go features a 5-MP HD camera and rear auto-focus 8MP HD camera, along with dual microphones

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Pre-order Microsoft Surface Go now on Flipkart in India. (IANS)

With an aim to take on the Apple iPad Pro and Samsung Galaxy Tab S4, Microsoft on Saturday brought its smallest and affordable Surface Go device to India, starting at a price of Rs 38,599.

Weighing at just 1.15 pounds and 8.3 mm thin, the 10-inch, two-in-one device is now available for pre-order with Flipkart, the company said in a statement.

The Surface Go with 4GB RAM and 64GB internal storage will cost Rs 38,599 while the 8GB RAM and 128GB variant can be purchased for Rs 50,999.

The Surface Go type cover (black) will cost an additional Rs 8,699 and the signature type cover (colour) will cost Rs 11,799.

Microsoft launched the Surface Go globally earlier this year.

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The 2-in-1 device comes with the Surface Pen — with 4,096 levels of pressure sensitivity and a 3:2 high-resolution “PixelSense” custom calibrated display designed to render the pages of most school textbooks.

Powered by the 7th Generation Intel Pentium Gold Processor 4415Y and protected by Gorilla Glass 3, the device offers up to nine hours of battery life.

Surface Go also has several ports for various needs, including Surface Connect for charging and docking, USB-C 3.1 for data, video, and charging, a headphone jack and a MicroSD card reader for storage expansion.

Also Read- OPPO Launches its First R&D Centre in India

For users who require connectivity via video calls, the Surface Go features a 5-MP HD camera and rear auto-focus 8MP HD camera, along with dual microphones.

“Commercial customers can opt for Windows 10 Pro which brings essential business security features to protect devices and infrastructure from modern threats,” said Microsoft. (IANS)