In this political climate, suggests Brad (“The Everything Store”) Stone, nobody should want to be first.
From Stone’s It’s Apple vs. Amazon in the Race to $1 Trillion, posted Monday on Bloomberg News:
To be sure, this $1 trillion threshold that we in the media are so consumed with is a largely meaningless marker. Nothing fundamental has changed if a company is worth $999 billion one day and a little more the next. A full-blown trade war with China, or worse, could bring it all tumbling down. Psychologically, though, 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.
Come to think of it, as they sit on the precipice of $1 trillion, Amazon and Apple may be looking at each other with a rare expression of deference: “by all means, after you.”
My take: Whether at this milestone or another, Amazon’s market cap will eventually overtakes Apple’s.
See also: Amazon’s market cap is closing in on Apple
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