Apple leading the way to $1 trillion market value with Amazon right on their heels

“For a long time, Apple appeared to be flying solo to a $1 trillion market value, but Amazon is right at its heels — and experts have no fears of a tech bubble,” Juliette Michel writes for AFP. “Apple, at $939 billion, remains the highest-valued private company on the global markets — and could well cross the $1 trillion finish line after it releases its quarterly results Tuesday.”

“But Amazon is right behind: on Friday, its market cap reached $917 billion, before finishing at $882 billion, thanks to quarterly figures well received by investors,” Michel writes. “Google’s parent company Alphabet ($886 billion) and Microsoft ($827 billion) are also on track, while Facebook ($505 billion) is out of the race, having shed $119 billion in value after results released Thursday.”

“State oil company PetroChina briefly broke the $1 trillion barrier in 2007 during its initial public offering, but has since dropped back down,” Michel writes. “Apple’s price/earnings ratio stands at 18.62, underperforming the S&P 500 (20.86), the index representing the 500 biggest businesses on Wall Street.”

Read more in the full article here.

MacDailyNews Take: Current standings:

Yahoo Finance:
• Apple : $932.697 billion
• Amazon: $874.772 billion

Thomson Reuters:
• Apple : $954.569 billion
• Amazon: $877.290 billion

Market Value = Share Price * Shares Outstanding.
Apple buybacks cause the Shares Outstanding to change minute-by-minute, making Apple’s actual market value a moving target.

Analysts’s consensus now projects Amazon to top $1 trillion in market cap, ahead of Apple – July 27, 2018
Race to $1 trillion: Apple vs. Amazon – July 23, 2018
Race to $1 trillion: Analysts are still betting on Apple over Amazon – July 19, 2018
Race to $1 trillion: Amazon hits $900 billion valuation, rivals Apple – July 18, 2018
Amazon closes on Apple in the race to trillion-dollar market cap – July 2, 2018
The race to the trillion-dollar market cap – June 26, 2018
Apple’s $1 trillion market value is a moving target due to record buybacks – May 29, 2018
Apple made more profit in three months than Amazon has generated during its lifetime – May 11, 2018
Apple: Why stop at $1 trillion? – May 8, 2018
Apple’s march to become the world’s first trillion dollar company – May 8, 2018
Apple vs. Amazon: Who will win race to be world’s first $1 trillion company? – April 2, 2018
Apple is going to be the first trillion-dollar company – March 1, 2018
Bank of America predicts Apple market value to surge to $1.1 trillion – January 17, 2018
Apple leads race to become world’s first trillion-dollar company – January 3, 2018


  1. There its is: “…experts have no fear of a tech bubble.”

    Sounds like a good time to hold Apple and dump the rest. At least Apple has cash on hand.

    1. Alphabet and Amazon will never be dumped unless they become regulated by the Feds. Apple might be safe but big investors don’t find the company exciting enough in terms of possible growth.

      I think Amazon has a better chance than Apple to reach $1T because Amazon has much greedier investors backing that stock than Apple does. Paying $2100 a share for Amazon (with a P/E of 270) has to express an intense amount of greed.

      1. Hmmm… when you put it that way the psychology that drives the Amazon buyer might just put them over the top despite the lack of profitability and razor-thin margins.

    2. well… wasn’t mr. apple talking about hiring goldman sachs to help them get to a cash neutral position?

      so don’t go counting on apple retaining their nice fat cash horde to help them weather the next financialt massacre.

      besides goldman sachs will be there to loan them any money they may need to get through the hard times.

      or maybe not… recall how all the wall street banks were so over leveraged they basically quit lending at the height of the crash. ?

      took bush and obama to front the banks the cash to loosen things up.

      1. Excellent point. The Goldman has been lusting after that cash pile for years just like Uncle Sam and the EU. Of the three, Goldman has the best chance of getting it to.

    1. We’ll never see a P/E of anywhere close to 30. We’d be very lucky to see a P/E of 20 unless Apple actually does come out with a bundled, streaming video and music service. With a P/E of even 20, I would think that’s an acceptable valuation. Why Microsoft rates a P/E of 75 is quite beyond my understanding. Although it’s about mostly cloud and software, a P/E of 35 seems much more reasonable.

  2. It’s a close race. As MDN has noted, “Apple buybacks cause the Shares Outstanding to change minute-by-minute, making Apple’s actual market value a moving target.” This means that at any point in time, though the price may be fairly ‘accurate’ the number of outstanding shares may be in flux. In the case of buybacks, the marketcap may actually be reported higher than it actually is and the gap between AAPL and whoever is closely following is smaller than being reported.

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