Amazon could beat out Apple to become the first trillion dollar company

In the past, we’ve discussed the possibility of Apple possibly becoming the first company to reach a market capitalization of $1 trillion dollars. That figure is computed by taking the current stock price of a public company and multiplying by the number of shares outstanding. The last time we addressed this issue, last May, Apple’s shares were at $153 and the company became the first to be valued at $800 billion. With its shares now at $176, Reuters computes Apple’s current market cap at $893 billion. Apple is just another 12% rally away (a stock price of approximately $197.20 should do the trick).

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