Apple’s profit last quarter was 143% higher than Amazon’s lifetime earnings

  • With a market capitalization of $ 943.4 billion at the end of last week, Apple is now just a 6% rally away from becoming the world’s first $ 1 trillion public company. Amazon, which many felt would overtake Apple to reach the one trillion mark first, needs to see its shares rally 29% to reach the 13 figure mark. But Apple’s shares really popped since the beginning of this month, thanks to two events.

    Apple reported its earnings on May 1st, during which CEO Tim Cook soothed investors’ nerves about Apple iPhone X demand. The executive noted that the tenth anniversary model has been …

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