BEIJING, Jan. 1 (Xinhua) — Microsoft has just had its best year in a decade, at least in terms of stock price performance. The stock closed Tuesday at $157.70, up 55.3 per cent for the year, its biggest annual gain since 2009. Microsoft’s share price has risen 417 per cent over the past decade, easily surpassing the 9562 per cent rise of the internet boom of the 1990s.
In 2019, Microsoft was a major contributor to the S.P. 500, contributing about 7 percent, second only to Apple.
With a market capitalisation of $1.2 trillion, Microsoft is the world’s third-largest publicly traded company, after Saudi Aramco and Apple.
The strong performance of the share price reflects the evolution of Microsoft. Over the past decade, the company has undergone a leadership shake-up and a strategic shift, and has completed its largest acquisition to date. Microsoft has built on these transformations this year, and investors are looking forward to more growth as companies upgrade to the company’s latest technology.