Apple, Amazon near finish line in race to $1 trillion value

Apple nears $1T market cap

Fortune Magazine Executive Editor Adam Lashinsky on the outlook for Apple.

Apple is close to becoming the first company to reach $1 trillion in value, but Amazon is right on the iPhone maker’s heels.

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Apple owned a market capitalization of $943.1 billion as of Thursday, according to the Wall Street Journal Market Data Group, the highest value for any U.S. publicly traded company. Amazon, whose shares have surged 55% since the start of 2018, is worth $879.7 billion.

Google’s parent company, Alphabet, ranks third, followed by fellow tech giants Microsoft and Facebook.

Here’s the full breakdown of market caps for the five largest companies:

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