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.
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.