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Key Points
- Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) were founded in 1976 and 1975, respectively.
- Apple’s iPhone generated $44.6 billion in sales in Q3 2023, accounting for over 47% of total revenue.
- Microsoft’s Q4 revenue grew 17% year-over-year, boosted by a 39% increase in Azure sales.
Apple’s shares have appreciated 688.4% and Microsoft’s 992.5% over the past decade, compared to the S&P 500’s 206.5% increase. As of August 20, 2023, Microsoft’s stock gained 19.7% year-to-date, while Apple’s shares dropped 10.3%.
In their latest financial reports, Microsoft’s Azure cloud sales exceeded $75 billion in annual revenue, holding a 20% market share, second only to Amazon Web Services. In contrast, Apple’s iPhone market share was 19% in Q1 2023, presenting a need for continuous innovation amidst competition.
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