Apple vs Amazon in race to surpass $1 trillion market capitalisation

Psychologically, reaching the trillion-dollar mark would feel like a big deal, particularly as critics around the world wonder if the biggest tech companies are getting too big and powerful

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 per cent 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