Which tech giant will be first across the $1-trillion mark: Apple or Amazon?
Investors have a lot to look forward to as these two release their quarterly results this week, not least of all the possibility of them reaching a trillion dollars in market cap
San Francisco — As we head into the heat of earnings season this week, two technology giants sit at the threshold of a monumental achievement: surpassing $1-trillion in market capitalisation. Apple, still the world’s most valuable company, sported a $941bn valuation at the end of trading on Friday. The iPhone maker reports its third-quarter earnings results after the close of trading on July 31 and needs just a 6% increase in stock price to hurdle over the magical mile marker. Amazon, reporting on Thursday, is a few paces behind with an $880bn market cap. Though it needs a 13% stock boost, it could conceivably get across the finish line first. The potential photo finish could come down to the relative strength of their results. To move the needle forward next week, Apple will need to show annual sales growth with its pricey, top-of-the-line iPhone X and to surpass 41-million iPhones sold during the third quarter last year. But in the past several years, the third quarter has been Ap...
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