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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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Microsoft
Microsoft launches e-commerce portal for Telangana's handloom weavers. Pixabay

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.

Microsoft, PUBG
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.

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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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AI Helping Differently-abled to Become More Independent: Microsoft

The showcase will feature technology-based projects from non-profit organisations, assistive technologies developed by leading technology companies, Microsoft partners as well as Microsoft solutions, the company added

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Microsoft, Taiwan AI
A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

Cloud and Artificial Intelligence (AI) solutions are empowering differently-abled people with tools that support independence and productivity, a top Microsoft executive said here on Friday.

The software giant last year launched its five-year, $25 million “AI for Accessibility” programme that harnesses the power of AI to amplify human capability for the more than one billion people around the world with a disability.

“At Microsoft, we believe there are no limits to what people can achieve when technology reflects the diversity of everyone who uses it,” Sriram Rajamani, Managing Director, Microsoft Research India, said on the inaugural day of the two-day “Accessibility Summit – Empowering for Inclusion” here.

Real time speech-to-text transcription, computer vision capabilities and predictive text functionality are just a few examples of how AI is useful to people with disabilities.

Microsoft
Logo of Microsoft outside it’s office. Pixabay

Inaugurating the summit, Shakuntala Doley Gamlin, Secretary, Department of Empowerment of Persons with Disabilities at the Social Justice and Empowerment Ministry, said that a strong public-private partnership can go a long way in empowering the differently-abled with equal access and opportunity.

Microsoft hosted the summit in collaboration with the National Association of the Deaf and National Centre for Promotion of Employment of Disabled People (NCPEPD), a non-profit organisation.

Also Read- Hacker Who Stole Over 600 mn Account Details Strikes Again

The two-day conference will also combine a rich mix of master classes and access to Microsoft’s “AI for Accessibility” resources for the developer community with a showcase of inclusive technology, Microsoft said.

The showcase will feature technology-based projects from non-profit organisations, assistive technologies developed by leading technology companies, Microsoft partners as well as Microsoft solutions, the company added. (IANS)