AMERICAN MULTINATIONAL TECHNOLOGY COMPANY: MICROSOFT
American multinational technology company Microsoft Corporation is located in Redmond, Washington. Microsoft's famous software products are Microsoft Windows operating system, Microsoft Office suite, and Edge web browser. The word "Microsoft" is an abbreviation for "microcomputer" and "software." Microsoft ranks 30th in the Fortune 500 ranking of the largest US corporations in 2018 in total revenue.
Bill Gates along with his friend Paul Allen found Microsoft on April 4, 1975. In the mid-1980s, it began to dominate the market for personal computer operating systems with MS-DOS, then Microsoft Windows. The company's initial public offering in 1986 and the subsequent increase in its share price created three billionaires and approximately 12,000 millionaires among Microsoft employees. Since the 1990s, it has become increasingly diversified in the operating system market and has made a series of corporate acquisitions, the largest of which was LinkedIn for $ 26.2 billion. The United States in December 2016, followed by the acquisition of Skype Technologies for $ 8.5 billion in May 2011.
As of 2015, Microsoft dominates the market for IBM-compatible operating systems and the market for office software packages, although it has lost most of the overall market for Android operating systems. The company also produces a wide range of other software for consumers and enterprises for desktop computers, laptops, tabs, devices, and servers, including Internet search-Bing, the digital services market, mixed reality, cloud computing, and software development.
Steve Ballmer succeeded Gates as CEO in 2000, and then introduced the “device and service” strategy. It was developed when Microsoft acquired Danger Inc. in 2008, for the first time in June 2012, it entered the personal computer manufacturing market with the launch of the Microsoft Surface line of tablets, and then formed Microsoft Mobile through the acquisition of a division. Nokia devices and services. Since Satya Nadella took over as CEO in 2014, the company has reduced hardware and focused on cloud computing - the movement that has helped the company achieve its highest value since December 1999.
Previously overthrown by Apple in 2010, in 2018, Microsoft regained the status of the most valuable public company in the world. In April 2019, Microsoft reached a market capitalization of billions of dollars, becoming the third public company in the United States. Being valued at over $ 1 billion after Apple and Amazon respectively.