It’s Apple vs. Amazon in the Race to $1 Trillion
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As we head into the heat of earnings season this week, two technology giants sit at the threshold of a monumental achievement: surpassing $1 trillion in market capitalization.
Apple Inc., still the world’s most valuable company, sported a $941 billion valuation at the end of trading on Friday. The iPhone maker reports its third quarter earnings results after the close of trading on July 31 and needs just a 6 percent increase in stock price to hurdle over the magical mile marker. Amazon, reporting on Thursday, is a few paces behind with an $880 billion market cap. Though it needs a 13 percent stock boost, it could conceivably get across the finish line first.