Join NexChange - the professional
network for the financial services
industry - and receive a free one-
year subscription to Forbes
Why Apple Will Likely Remain Sole Member of $1 Trillion Club For a While
Less than two months ago, Amazon.com, Inc. (NASDAQ: AMZN) became the second company in the world behind Apple Inc. (NASDAQ: AAPL) to hit the $1-trillion market cap threshold.
Since that milestone Sept. 4, Amazon’s stock is down 26.2 percent, and there’s reason to believe Apple will remain alone atop the $1 trillion mountain for the foreseeable future — although the stock narrowly held the distinction when it closed down 6.63 percent Friday at $207.48 following a post-earnings sell-off.
Market Cap Giants
Incredibly, Amazon’s market cap has dropped to $813 billion, putting it neck-and-neck with Microsoft Corporation (NASDAQ: MSFT).
Here’s a look at the top 10 market caps as of Nov. 2 at the close:
- Apple: $1 trillion
- Microsoft: $814.91 billion
- Amazon: $814.39 billion
- Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL): $739.67 billion
- Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B): $507.75 billion
- Facebook Inc. (NASDAQ: FB): $434.09 billion
- Alibaba Group Holding Ltd (NYSE: BABA): $382.58 billion
- Johnson …