Cisco, Apple Fail to Reach $1 Trillion. Is Amazon Next? ChartBy
Social Capital Managing Partner Chamath Palihapitiya’s projection last Wednesday that Amazon.com Inc. will have a $3 trillion market value in 10 years raises the question of whether the online retailer will fare better than other U.S. companies targeted in trillion-dollar predictions. Apple Inc.’s value climbed no higher than $775 billion after investor Carl Icahn first cited a $1 trillion-plus valuation in October 2014; he sold his stake last month. In 2000, Cisco Systems Inc.’s value peaked at $552 billion less than seven weeks after Paul Weinstein, then an analyst at Credit Suisse First Boston, wrote in a report that $1 trillion wasn’t “an unreal expectation.”
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