Apple leads race to become world's first $1tn company - News Summed Up

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Apple leads race to become world's first $1tn company

Barron’s, the US investment magazine, declared on its cover last week that Apple would hit the $1tn valuation this year and that “we don’t think the peak [of Apple’s rise] is near”. Other companies settle for unit sales or revenues, but in many quarters, Apple collects more than 80% of gross profit across the smartphone industry.”Holger Zschaepitz (@Schuldensuehner) The race to become the first $1tn company has opened. Apple has the best shot to be the world's first trillion-dollar company. Amazon is the world’s fourth most-valuable company with a market capitalisation of $566bn. Other market analysts and financial experts predict Amazon could beat Apple to the $1tn title.

Source: The Guardian January 03, 2018 06:00 UTC