Apple has officially become the first technology company to reach “$1.000 million” position. However, this title may still be threatened by other competitors, like PetroChina, the world’s first company achieving “$1.000 million”, experienced.
Apple is the largest technology company in the world with a market capitalization of $1.000 billion when the stock price reached $207.50 per one. When Apple announced it was “a $1.000 billion company”, the value of other tech giants in the Top 10 was decreased by $82.7 billion. Specifically, Amazon dropped by $18.6 billion, Microsoft’s was $17.7 billion, Facebook lost $11.1 billion (equivalent to 2.2%), and Netflix suffered from the biggest fall of 5.7%. This figure is equal to $8.8 billion. The remaining amount belongs to other technology companies.
That does not mean that Apple’s $1.000 billion position is not threatened, as the first winner, PetroChina, has not been in that position for a long time.
Here are the top 9 companies that have the potential to compete with Apple:
1.Amazon – $894 billion
After losing $18.6 billion due to the news from Apple, Amazon’s market capitalization was $894 billion, but Amazon is still one of the companies that have strong ability to reach “$1.000 billion” title when compared to Apple and Google’s Alphabet.
Jeff Bezos is currently the richest person in the world thanks to a 50% increase in stock prices over 2017. Much of Amazon’s revenue comes from the Amazon Web Services cloud platform and Whole Foods, the food chain stores bought for $13.7 billion.
With a current staff number of 222.500 and after 22 years of operation, Amazon’s annual revenue obtained $107 billion. In the beginning, Amazon was an online bookstore founded by Jeff Bezos in July 1975, it has now become a very large e-commerce website.
In addition, there were some rumors that the company was investing in prime TV services to directly compete with Netflix. Amazon also plans to increase Alexa’s virtual assistant sales by more than 5.000 people in the workforce and spend more money to build more warehouses around the world to minimize the time it takes to ship the goods.
All these factors are huge potential for Amazon to soon become the next “$1 billion” company and the company is also described as the most formidable competitor of Apple.
2. Alphabet – $869 billion
As we may know, Alphabet is the parent company of Google. This giant was predicted to own 20% growth in sales over the same period last year. Its decisive factor is the promotion of search engine and YouTube video platform.
According to a financial report from the second quarter of 2018, despite being fined $5 billion by the European Union (EU), the total revenue of Alphabet still reached $32.7 billion, equivalent to a 26% increase over the same period of last year. In particular, the amount of money Google receives from ad clicks increases by 58% over 2017. Consequently, the advertising revenue of this platform continues to increase.
Furthermore, the Nest business after separating for independent operation has brought in $4.23 billion in turnover. The rest of Alphabet continued to lose $732 million when compared to $145 million in revenue.
That means if Alphabet wants to gain $1.000 billion milestone, it has to focus on other areas such as hardware development or cloud computing rather than putting all the resources in the advertising segment only.