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July 19, 2018, 6:41 p.m. EDT

First to $1 trillion: Amazon or Apple? No-brainer — the people have spoken

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By Shawn Langlois, MarketWatch

For years now, Apple has been on a relentless push to become the first company to reach $1 trillion in market capitalization. It seemed like a foregone conclusion: The lofty valuation crown would belong to the tech darling. Just a matter of time.

Then Amazon happened.

Apple still holds the edge with a market cap of $944 billion, but Amazon, riding another strong showing on Prime Day, just crossed $900 billion for the first time this week and, despite a dip to $886 billion in Thursday’s session, it seems to have momentum, and popular opinion, on its side.

Amazon /zigman2/quotes/210331248/composite AMZN +0.22% , which reports earnings next week, banged out a fresh high on Wednesday and is up more than 50% for the year, while Apple /zigman2/quotes/202934861/composite AAPL -0.81%  hasn’t broken into uncharted territory since June and is up only about 12% year-to-date. Apple reports on July 31.

MarketWatch asked followers who they think has the upper hand in the race for $1 trillion, and, so far, it’s not particularly close. Earlier, Amazon held a 73% to 27% lead, though that has since inched down to a 67% lead.

But not everybody was bullish enough to make a pick:

That’s a poll for another day.

At any rate, to hit $1 trillion, Amazon needs to rally about 13% and break above $2,060, while Apple only has to get to $203.45, a 6% gain.

/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 1,821.50
+4.04 +0.22%
Volume: 2.08M
Sept. 19, 2019 4:00p
P/E Ratio
75.57
Dividend Yield
N/A
Market Cap
$901.02 billion
Rev. per Employee
$359,671
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 220.96
-1.81 -0.81%
Volume: 22.19M
Sept. 19, 2019 4:00p
P/E Ratio
18.84
Dividend Yield
1.39%
Market Cap
$998.56 billion
Rev. per Employee
$1.98M
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Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

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