Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder, Bob Evans. The next three minutes are packed with insights and perspectives around the “reimagination machine” that is the Cloud! Today’s Topic: Microsoft & Google Chasing Apple to $3 Trillion Valuation.
0:20 – Guest host Bridget Courneya notes the big Apple news: it started off 2022 by becoming the world’s first company to hit a $3 trillion valuation. Bridget also mentions that some of the world’s leading cloud vendors are hot on Apple’s heels, with multi-trillion-dollar valuations of their own.
0:50 – Apple’s latest achievement can be attributed to a number of factors. First, the revenue from the company’s smartphone’s is of course massive. But also, Apple Services—which includes Apple Music, its App Store, and more—is a huge success story in showing the power of the Apple ecosystem at driving customer loyalty.
1:30 – Bridget calls out the fact that Apple infuses its values into everything it makes, which is steering the company towards environmental responsibility. Apple has declared that its supply chain will be carbon-neutral by 2030.
2:15 – Even as it has hit a $3 trillion valuation, Apple faces some notable challenges. First is the global chip supply shortage, which threatens to diminish the number of consumer products that Apple can build.
2:50 – Just behind Apple are two members of the Cloud Wars Top 10. Microsoft is currently valued at about $2.5 trillion, and Google at $2 trillion. We’ll of course keep an eye on these two Apple challengers in the months ahead.