At the end of last week Apple past a milestone many people thought would never happen. They became the first company on the planet to be valued at over $1 trillion USD. Thanks to a strong stock market in the US and Apple’s on-going revenue growth, investors have rewarded Apple with this lofty evaluation.
Asian companies can’t reach the valuations of American companies
But as the graph we’ve included below shows, several other companies look poised to make this list. It is interesting to note of the ten largest 10 companies on the planet seven are are essentially tech-based, two financial and one is a pharmaceutical company. Maybe even more interesting, all are American except two, Alibaba and Tencent from China.
It looks like Amazon will be the next trillion dollar company. It’s Asian rival Alibaba lags far behind, valued at less than half of Amazan.
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