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Apple is almost a $1 trillion company, but watch out for Amazon

Reuters  |  SAN FRANCISCO 

By Noel RandewichSAN FRANCISCO (Reuters) - Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker's annual revenue has ballooned to $229 billion, greater than the gross domestic product of countries including Portugal and New Zealand. Apple's market capitalisation on Thursday topped a record $934 billion, following its unveiling last week of a $100 billion buyback budget and news that Warren Buffett's ...

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First Published: Mon, May 14 2018. 19:51 IST
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