Microsoft and Apple both had their earnings calls this week, and both gave different views on the tech industry. Apple’s story was one of hope and grown, with revenue up 16% year over year, and their iPhone revenue was seriously up at 23% over last year. Another number was that Apple has an active base of 2.5 billion iPhones, Macs, and other Apple devices. Microsoft’s numbers, however, were not so grand, not hitting the numbers that they were expected to hit. Microsoft’s lack of focus in datacenter construction was noted by themselves and by pundits as a distinct drawback. Satya Nadella’s comments on AI from last week’s news also appears to have been an early notice that CoPilot isn’t growing as strong as OpenAI’s ChatGPT. Interesting too, as Apple Intelligence isn’t exactly a stellar platform, so perhaps hardware is the big money maker?
As investors sold shares of Microsoft on Thursday, the $3.22 trillion company dragged down the software complex and the S&P 500 index.
Source: Microsoft lost $357 billion in market cap as stock plunged most since 2020
Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis.
Source: Apple (AAPL) earnings report Q1 2026
