Microsoft Is Worth as Much as Apple. How Did That Happen? – The New York Times

“But the more enduring and important answer is that Microsoft has become a case study of how a once-dominant company can build on its strengths and avoid being a prisoner of its past. It has fully embraced cloud computing, abandoned an errant foray into smartphones and returned to its roots as mainly a supplier of technology to business customers.

That strategy was outlined by Satya Nadella shortly after he became chief executive in 2014. Since then, Microsoft’s stock price has nearly tripled.

It bet big on the cloud and won . . .

One of the data centers that power Microsoft’s lucrative cloud computing services.
Credit    Richard Duvall
Microsoft’s path to cloud computing — processing, storage and software delivered as a service over the internet from remote data centers — was lengthy and sometimes halting.”