For a brief moment today, Amazon was the most valuable publicly traded U.S. company

For a brief moment today, Amazon was the most valuable publicly traded U.S. company
The other day, Microsoft had a brief run as the most valuable publicly traded company in the states, ending Apple's long reign on top. This happened because Apple's shares have declined 20% as talk grew about cuts in 2018 iPhone production. Earlier today, a new front runner briefly emerged when Amazon surged to the top of the leaderboard. At that point, Amazon was valued at $865 billion versus the $864.8 market capitalization belonging to Apple.

As we write this, Apple has returned to its position as most valuable, with Amazon second and Microsoft third. Earlier this year, before the tech correction started, both Apple and Amazon each reached a valuation of one trillion dollars. Apple hit the target on August 2nd and peaked at $1.10 trillion. A little more than a month later, it was Amazon that joined the trillion dollar club.

Apple had first surpassed Microsoft in valuation back in 2010 when PC shipments struggled due to the explosion in smartphone (including iPhone) usage. Amazon started catching investor's eyes in a big way during 2015 when the company invented the smart speaker category. Even more importantly, as a key part of the Echo smart speaker, Amazon was introducing its virtual personal assistant Alexa at the same time.

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17 Comments

1. someguy2261

Posts: 235; Member since: Feb 12, 2016

You guys should just stick to phones cause you don't know sh.t about stock

4. Subie

Posts: 2263; Member since: Aug 01, 2015

Why, is there an error in Alan's report here?

13. someguy2261

Posts: 235; Member since: Feb 12, 2016

There isn't an error per say, but these guys a trying to be slick and trying to say apple has came back like hell they did look at the stock market today. I called them out on trying to convince people to buy apple at 220 couple weeks ago ( when it was obvious it was not going to go up) now at 177 . They are still trying , they obviously own apple stock and they want to go up so they are trying to manipulate peoples opinions while the wall street dump on apple.

14. Subie

Posts: 2263; Member since: Aug 01, 2015

There is no financial investment advice being given in the above article or even innuendo about such. Suggesting that "these guys" own Apple stock and are trying to manipulate the opinions of us the readers to further their own gain without proof is libel...

15. someguy2261

Posts: 235; Member since: Feb 12, 2016

Phonearena writers been talking up apple stock more then few times. The last article they even included price targets. While the stock was at 220 they were saying was going to go up to 270.

17. Subie

Posts: 2263; Member since: Aug 01, 2015

You're still not backing up what you say with proof. And before you now provide a link to the "last article" you mention, please re-read it first. Does the phoneArena author SAY the stock was going to go up to 270, or were they just reporting on what an actual analyst was expecting?...

16. someguy2261

Posts: 235; Member since: Feb 12, 2016

And maybe Alan should answer that for us does he own any apple stock?

2. darkkjedii

Posts: 30715; Member since: Feb 05, 2011

These new iPhones aren’t keeping Apple at the top anymore. Gotta give us something real good next year Apple, wallets are now speaking.

3. apple-rulz

Posts: 1843; Member since: Dec 27, 2016

Microsoft is doomed.

8. mootu

Posts: 1338; Member since: Mar 16, 2017

Of course they are. Now go back to your colouring book and crayons.

9. sissy246

Posts: 6910; Member since: Mar 04, 2015

LOL, You just keep thinking that.

10. Rampage_Taco

Posts: 988; Member since: Jan 17, 2017

That's why their stock fell roughly $200 billion in a matter of months, right? Oh wait, their stocks have been less dynamic than Apples and Amazons

5. gamehead unregistered

Amazon screwed me over on black friday. I hope they lose stock value and crash

6. cocoy

Posts: 450; Member since: Oct 30, 2015

Man, you're wishing for something horrible as I FB you don't even care for the employees of the company.

7. iushnt

Posts: 3042; Member since: Feb 06, 2013

Welcome to the internet !!

11. Rampage_Taco

Posts: 988; Member since: Jan 17, 2017

To be fair, Amazon doesn't even care for it's own employees

12. someguy2261

Posts: 235; Member since: Feb 12, 2016

There isn't an error per day, but these guys a trying to be slick and trying to say apple has came back like hell they did look at the stock market today. I called them out on trying to convince people to buy apple at 220 couple weeks ago ( when it was obvious it was not going to go up) now at 177 . They are still trying , they obviously own apple stock and they are taking the wall street dump.

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