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In November 2018, the company received a $480 million military contract with the U.S. authorities to convey augmented reality (AR) headset know-how into the weapon repertoires of American soldiers. For the first time in 20 years Apple Inc. surpassed Microsoft in Q quarterly profits and revenues as a result of a slowdown in PC sales and continuing big losses in Microsoft’s Online Providers Division (which incorporates its search engine Bing). The company is run by a board of directors made up of mostly firm outsiders, as is customary for publicly traded corporations. Microsoft is one of only two U.S.-based firms which have a major credit rating of AAA.
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