Apple has long been described as the company with the biggest chances to break the $1 trillion market cap, but in the last couple of years, the growth of other tech giants put Cupertino’s pole-position at risk.
Amazon is now getting closer to overtaking Apple and move closer to the $1 trillion market valuation threshold, after the company surpassed the $900 billion mark for the first time.
Prime Day sales pushed Amazon’s stock market value to $902 billion, closing in on Apple who remains the leading firm with $935 billion. Amazon’s growth, however, is a sign that a switch of places could take place rather sooner than later, with the company’s market cap increasing no less than 123,000 percent since 1997.
As Reuters reports, Amazon’s stock also surged more than 57 percent this year alone, and if the same trend is maintaine… (read more)
Remember to like our Facebook and our twitter @macheatdotcom for a chance to win a free iPad Pro every month!
Quick Links: How To Install Steam On Mac | Download Mac Apps | Mac Games | Download Rolex Watch Wallpapers
