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Microsoft Surpasses Exxon Mobil In Market Value

And in doing so, has become the second most valuable company on the planet. Bragging rights, but it does show that the Redmond based technology giant is in a good run or form.

The ascendency started soon after news broke out that Steve Ballmer was letting go of the CEO seat.

Since then, the new head of the company, Satya Nadella, has overseen some major changes in strategy, which apparently have pleased the shareholders. This put the company within striking distance of Exxon Mobil, which owing to the decline in global oil prices is on the down.

Microsoft Overtakes Exxon Mobil

This morning Microsoft had a computed market value of $405 billion, while Exxon saw a dip to around the $401 billion mark, good enough for Redmond to leapfrog the energy company.

It now puts the company right next to Apple.

Now, while market capitalization is not the absolute indicator of how a business is doing, but setting in second place behind Apple does show that Microsoft is doing a lot of things right.

A fair amount depends on how Windows 10, its next major bet, performs on the market once it sees daylight next year. And whether the company’s hardware plans come to fruition, not just in the tablet domain, but the smartphone arena too.

But so far, so good.