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Home / Technology / Apple runs to the first company with a trillion dollars, but Amazon could rise from behind

Apple runs to the first company with a trillion dollars, but Amazon could rise from behind



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SAN FRANCISCO – Apple is about to become the first publicly traded US company with a volume of one trillion US dollars, but even if that happens, it could soon be overtaken by Amazon.com starting from behind.

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The iPhone manufacturer's annual sales in 1976 in the garage of co-founder Steve Jobs rose to $ 229 billion, more than the gross domestic product of countries such as Portugal and New Zealand.

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Apple's market capitalization reached a record $ 934 billion on Thursday after announcing a $ 100 billion repurchase budget last week, and Berkshire Hathaway of Warren Buffett has dramatically increased its stake in the firm.

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With a 12-percent rally since the quarterly report last Tuesday, the company in Cupertino, California, is just under 8 percent below the $ 1 trillion mark.

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CFRA analyst Angelo Zino raised his target price for the stock on Wednesday from $ 195 to $ 210, giving Apple a market capitalization of $ 1.03 trillion. Zino joins at least 12 other analysts with price targets, which put the stock market value of Apple on 13 digits.

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But Apple is in danger of being knocked out of the $ 1 trillion mark by Amazon.com, the second largest US listed stock exchange listed company, at $ 780 billion – or soon afterwards.

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The Saudi Arabian authorities have meanwhile stated that they expect a planned international IPO by Saudi Aramco, which would value the national oil producer at about $ 2 trillion.

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UNDER DISPLAY ARTICLE

Although $ 148 billion was smaller than Apple on Friday, Amazon has recently expanded its stock price and sales much faster than Apple. Amazon's stock is fiercely hot and recently traded at more than 100x expected returns, compared to more profitable – but slower – Apple's 15x profit rating.

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Apple shares rose 24 percent last year, fueled by optimism about the iPhone X, the company's latest smartphone. But demand for the $ 1,000 device has put investors under pressure, and the bulls are now focusing on Apple's plan to return more money to shareholders.

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By comparison, over the past 12 months, Amazon stock has risen 70 percent, helped by 31 percent revenue growth as more online shopping takes place, and companies are moving their IT departments to the cloud where Amazon Web Services leads ,

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Amazon also competes more with Apple and Google's owner Alphabet, as it sells music and video content, its Fire TV set, and its Alexa smart home gadget.

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With $ 765 billion, Alphabet has the third largest market capitalization on Wall Street, closely followed by Microsoft with $ 749 billion. In February, Amazon flew past both.

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Including Facebook, the top five listed US companies account for 15 percent of the S & P 500's market capitalization.

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Certainly, past gains are not a reliable predictor of future performance, and the increase in Apple and Amazon shares in recent years has been extraordinary for most standards.

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But if Apple's stock continued to grow at last year's pace, the company's market capitalization would rise to $ 1 trillion in September. Amazon would reach about $ 1 trillion in October if its share price continued to rise at the same pace as last year, soon overtaking Apple.

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Microsoft will extend its own year-long performances and would not reach $ 1 trillion by 2019, and Alphabet would last until 2020.

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Most Wall Street analysts are less optimistic. According to Thomson Reuters data, the average target for analysts over the next 12 months is 6 percent above the current price at $ 200. This would increase the market capitalization to $ 983 billion.

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The average price target of analysts covering Amazon is $ 1,850, a 15 percent premium over the current price, which equates to a market value of $ 898 billion. Analysts are targeting Microsoft to grow 12 percent to $ 845 billion and increase Alphabet's market value by 16 percent to $ 884 billion.


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