Microsoft product sales to reach $500 billion by 2030

KEY POINTS:

• Microsoft's 2030 revenue target was revealed in a court document released on Monday.
• By fiscal year 2030, the tech giant expects to generate $500 billion in revenue, nearly double its current revenue.
• The company's attempt to acquire Activision Blizzard is likely part of its growth plan.

The lawsuit, released on Monday, revealed the tech giant Microsoft's 2030 sales target. The company's CEO, Satya Nadella, reportedly stated that they are aiming for $500 billion in revenue by fiscal year 2030 with a target annual growth rate of 10%. That's a lofty ambition, as $500 billion is nearly double Microsoft's current annual revenue. The statement was made during a hearing on the company's attempt to acquire

Activision Blizzard

This is a rare example of understanding the long-term goals of Microsoft, which is known for rarely making recommendations for the future. It could also shed some light on why Microsoft was so eager to acquire Activision Blizzard - as it could be looking to rapidly diversify and increase its revenue from the gaming sector. However, with antitrust claims against the deal still in full swing, it is unknown if the deal can be implemented on a global scale.

Microsoft (MSFT)

Microsoft is a multinational technology company founded by Bill Gates and Paul Allen in 1975. Since then, it has become one of the largest and most influential companies in the world, operating in various sectors such as software development, cloud computing, hardware and digital services. One of Microsoft's main strengths lies in its software products. The company is best known for its flagship Microsoft Windows operating system. In addition to operating systems and productivity software, Microsoft has developed a wide range of products and services and has a significant presence in the gaming industry through its Xbox consoles and Xbox Live online gaming platform.