Apples carries high probability of winning the race for $1 trillion market valuation against other technology giants and the reason is more than just the fact that Apple is close to the big figure currently standing at a valuation $945 billion with their shares stagnant at 13%, a better position comparatively. Let us find out why Apple is more probable towards winning.
Apple(AAPL) is not only bound to iPhone and are proving some innovative and new stuff to their investors. Apples’s possibility of acing is 6% away for the stocks to go at a per share price of $202.30 The major boosters of this market value proved to be the sales of iPhone X and iPhone 8 that helped Apple a great deal to float closer to the market value of $1 trillion and the elevation of over all sales in the first quarter of this year by a good 16%. Also Buffett’s Berkshire Hathaway ( ) bought almost 75 million shares of Apple in the first three months of 2018, promoting it to Berkshire’s top stock holding.
Now lets us take a look at the adjacent companies that are part of the race too against Apple. These companies include:
Amazon () has been among the top companies on the list with respect to their market valuation and currently hold a market worth of $800 billion and this high shift of value has eventually boosted the net worth of the company’s CEO Jeff Bezos soaring it to an amount of $140 billion as per the findings of Forbes and Bloomberg. Facebook ( ), is also not too far away from the list of top-tiers and holds a worth of $560 billion. Google owner Alphabet ( ) and Microsoft ( ) are both touching the worth of $775 billion almost. All these tech giants have reached an aggregate worth of $3.9 trillion.
Apple however will not be the first around the globe to reach such a worth. Thanks to Oil giant PetroChina () for doing it already back in 2007.