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Apple may soon become world's first trillion dollar company

Apple presently leads the race with a market valuation of $869 billion

ANI  |  London 

Apple, iPhone X, iPhones
Apple

giant leads the race among other global enterprises to become the world's first trillion-dollar company.

According to The Guardian, financial commentators and investors have predicted that 2018 will herald the first firm with a stock market valuation of $1 trillion or more if share prices continue to rise as they did in 2017.

presently leads the race with a market valuation of $869 billion on Tuesday.

The company is currently ahead of Google's parent company Alphabet, which has a market value of $729 billion.

Moreover, the firm which transformed mobile communications with the iPhone would require a 15 per cent increase in its share price to tip over $1 trillion.

Apple's share prices increased by 47 per cent last year.

Microsoft, Google, Facebook, Amazon, and Tencent are other leading contenders.

First Published: Thu, January 04 2018. 16:13 IST
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