On Thursday, Apple has successfully achieved the title of the first ever American Corporation to achieve the trillion-dollar mark. The question now- who will be next?
Apple already gained the title of being the first trillion-dollar American company. On the 10th anniversary of iPhone, which documented a couple of buybacks, pushed Apple’s stock to increase by over 34%, making Apple’s capital reach 1 trillion dollars.
Amazon, king of the retailer e-commerce world, having an $889 billion capitalization, is publicly-listed to be the second-largest company to reach the trillion-dollar valuation. Followed by Google’s parent company, Alphabet, having $856 billion capitalization, and Microsoft at $830 billion respectively. The competition was very close between these three large companies.
Amazon said that their revenue inflated to over 43 percent in the first quarter. Amazon’s earnings keep on growing – and will continuously grow in a fast phase. The company’s sale was reported to gain $52.9 billion and a $2.5 billion profit. Amazon expects and told the Wall Street that the net sales of $54 billion would become at least $57.5 billion on the third-quarter.
On the other hand, Alphabet’s sales were reported to be $32.7 billion and a $3.2 billion profit in the second quarter.
Microsoft, being the “old tech”, mold itself to become a leading edge in the tech industry. The company’s sales increased up to $30.1 billion and revenue of $9.6 billion at the end of the second quarter. Timothy Horan said that they are expecting more in the following quarters.