Apple to Become First $1 Trillion Company Soon Beating Amazon
Apple's market capitalisation topped a record of $934 billion on Thursday making the tech giant come at the verge of becoming the first $1 trillion publicly listed US company which might take over Amazon in the coming times.
The iPhone maker also witnessed an impetus after Warren Buffet announced the purchase of 75 million additional Apple shares in the first quarter.
Founded in 1976 under Steve Jobs, company's annual revenue had grown to $229 billion which is greater than the GDP's of countries like New Zealand and Portugal.
Moreover a 12% surge since its quarterly report last week, the California based company is just 8 percent short of hitting the $1 trillion valuation mark.
Meanwhile, Saudi Arabian authorities have said that they expect a planned international public offeri...