Forget Amazon and Alphabet: Here's Why Apple Will Become the First $1 Trillion Company
The battle for the first trillion-dollar company is slowly nearing its conclusion. Currently, Apple (NASDAQ: AAPL), sitting with an $875 billion valuation, appears increasingly likely to claim the title of the first trillion-dollar company.
Yet while it now may seem like a fait accompli, the race to be first to a trillion-dollar market cap wasn't always promised for Apple. In early 2016, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) briefly eclipsed Apple's market cap, as the two traded closely for most of that year. In 2017, on the back of a year-to-date increase of approximately 50%, Apple has significantly distanced itself from its smartphone operating system (OS) competitor.
Source: Fool.com
Alphabet Inc. A Stock
€153.82
-0.320%
The stock is an absolute favorite of our community with 92 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 15.07% compared to the current price of 153.82 € for Alphabet Inc. A.
