Apple and Amazon for the race of becoming a Trillion $ company.

  • Apple is on the verge of becoming the first $1 trillion publicly listed US company.
  • Even if it gets there, it could soon be overtaken as surges from behind.
  • The iPhone annual revenue has ballooned to $229 billion, greater than the gross domestic product of countries including Portugal and New Zealand.
  • Thanks to a 12% rally since its quarterly report last Tuesday, the Cupertino, California company is just 8 percent short of hitting the $1 trillion mark.
  • Apple is in danger of being beaten to the $1 trillion mark or passed soon after by, the second largest listed U.S. company by market value, at $780bn
  • While $148 billion smaller than Apple on Friday, Amazon of late has expanded its stock price, and its sales, much more quickly than Apple.
  • Apple’s stock has risen 24% over the past year, fueled by optimism about the iPhone X, the company’s latest smartphone.
  • By comparison, Amazon’s stock has surged 70% over the past 12 months, bolstered by 31% revenue growth.
  • At $765 billion, Alphabet has the third largest market capitalisation on Wall Street, with Microsoft close behind at $749 billion. Amazon breezed past both.
  • If Apple’s stock were to keep growing at the pace seen over the past year, the company’s market capitalisation would hit $1 trillion in September.
  • Amazon would reach $1 trillion around October if its stock price continued to rise at the same rate as the past year, and overtake Apple soon after.
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