Microsoft CMO Says Rivalry With Apple Is a Thing of the Past
*By Alisha Haridasani*
The eternal rivalry between Microsoft and Apple may actually be over, said Microsoft’s chief marketing officer Chris Capossela.
“We’ve moved away from that competitive focus that I think we’ve had in the past,” said Capossela. “We need to bring our products on the platforms that our customers are using. So Office on the iPad or iPhone, Minecraft on every platform, that’s just a natural thing for us to do.”
In an interview Wednesday with Cheddar, Capossela said the traditional tech rivalries don't make much sense any more, and he cited the example of another competitor, Google, which uses Microsoft’s VS code developer tool. “The high tech industry is full of these paradoxes,” he said.
Steve Jobs, Apple's co-founder, and Microsoft's longtime leader Bill Gates had a love-hate relationship for years during which they sometimes helped each other while also trying to outdo the other. In 1994, Apple sued Microsoft for copyright infringement, putting the two companies at loggerheads. Three years later, Gates stepped in to help save Apple from the brink of bankruptcy.
Caposella said that Microsoft's current CEO, Satya Nadella, has presided over a cultural shift that reflects a more self-aware approach, focusing on what Microsoft does for "our own fans," not obsessively trying to best Apple or others by competing for the same users.
The company differentiates itself from competitors by marketing itself as the company for professionals.
“Millennials tell us that when they think of ‘adulting,’ they think of Microsoft and we love that,” said Capossela. The approach has helped Miscrosoft grow after years of stagnation, he said.
Microsoft was scheduled to release its earnings report on Thursday, and Wall Street was expecting continued revenue growth driven mostly by software, including Office 365 and Azure.
For full interview, [click here](https://cheddar.com/videos/marketing-microsoft).
Big tech companies such as Amazon and Google are garnering criticism for failing at their proposed climate pledges, most of which rely on carbon offsets — a potential loophole where companies pay others to address their omissions. Gilles Dufrasne, policy officer at Carbon Market Watch, joined Cheddar News to explain the organization's negative evaluation. "The objective here is not to bash companies and say everybody is doing the wrong thing," he said. "The objective is to also provide lessons, and there are some companies that are doing the right thing."
U.S. markets opened lower as disappointing Meta earnings dragged down the tech-heavy Nasdaq. Today, investors will be watching for Amazon's Q4 earnings report set for release after the market close. Greg Swenson, Founding Partner, Brigg Macadam joined Cheddar's Opening Bell to discuss.
Markets opened mostly higher led by gains in the tech sector on strong Q4 earnings. It comes after a tumultuous January which saw stocks suffer one of their worst months since the early days of the pandemic. Jim Worden, Chief Investment Officer, Wealth Consulting Group joined Cheddar's Opening Bell to discuss early market activity.
CLMBR is hoping to become the next big thing in connected fitness. The brand offers a high intensity, low impact workout with on-demand, instructor-led classes. Avrum Elmakis, CLMBR's CEO and founder, joined Cheddar to discuss where the company is heading next.
Peloton is reportedly drawing interest from multiple suitors. According to the Wall Street Journal, Amazon is considering acquiring the exercise bike company as it looks to expand into the health and wellness technology industry. Hatem Dhiab, managing partner at Gerber Kawasaki, joined Cheddar to discuss Peloton's future and which company might be its best bet as a buyer.
Amazon shares jumped north of 13 percent in after-hours trading as the E-commerce giant posted a beat on earnings in its fourth quarter. Amazon saw particular success in its cloud computing business, as well as its stake in EV startup, Rivian after its massive IPO. Deren Baker, CEO, Edge by Ascential joined Cheddar's Opening Bell to discuss.
Google parent company Alphabet reporting a beat on its Q4 earnings report, with revenue up 32%. The company's strong quarter was thanks to success in its cloud and advertising businesses, which both saw solid year-over-year growth. Angelo Zino, Senior Industry Analyst, CFRA Research joined Cheddar's Opening Bell to discuss the tech giant's blowout results.