5 Most Valuable App Companies

2. Microsoft Corp. (NASDAQ: MSFT)

Market cap: $1.77 trillion

Microsoft ranks 2nd on our list of the most valuable app companies. One of the hottest players in the tech industry is engaged in developing and publishing productivity and video sharing apps including Microsoft Office apps, cloud storage OneDrive, LinkedIn and video conferencing app Skype. On top of that, the company also offers server applications and business solution applications. Microsoft’s app center Visual Studio is a mobile app development platform that allows users to build cloud-connected apps and video games across iOS, Android, and Windows devices. 

In the second quarter of 2021, Microsoft earned a revenue of $43.1 billion. Revenues from productivity and business processes was $13.4 billion. Microsoft recently announced its plans to build two data centers with a $2 million budget to expand its data center capacity as the demand for its cloud service, Microsoft Azure, continues to soar. Shares of MSFT increased by 48.43% over the past twelve months.

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