NYU professor predicts Amazon would beat Apple to the $1 trillion milestone


Earlier this year, we told you about an opinion of an Asymco’s analyst, stating that Apple could become the first trillion-dollar company this year. In all fairness, the prediction has been quite accurate so far, with the company being the first one with market capital of $800 billion last month.

Nonetheless, in a recent podcast interview, hedge fund founder and NYU professor Scott Galloway, explained a different forecast for the $1 trillion touchdown. He suggested that Apple and Google could well be beaten to the ridiculous milestone by none other but Amazon.

It sounds a bit surprising at first, but Galloway’s reasoning does sound logical and realistic. His prediction is not based on assumptions that Apple would suddenly fail or experience a crisis, but rather on contemporary market trends. Scott explains that the retail industry in the US is currently in a transitory period, where changing consumer spending habits stir the whole economy of the country to new courses.


The financier sees tectonic shifts in the retail landscape that would re-direct unimaginable amounts of customer money from the cash till to the web checkout. In his words, Amazon could attract a lot more money from Prime households, suggesting a jump from $1,300 a year to $7000 or more per household. He also said that Amazon would take a share of up to 90 to 98 percent of tedious purchases and only luxurious brands would maintain their physical retail business.

Now, we are no mathematicians here, and can’t tell you if Scott’s equation is an accurate prediction to go by. His argumentation does sound logical, but at almost half of Apple’s estimated worth, it seems like a very long shot for Amazon to raise some $600 billion and beat Apple to the $1 trillion figure.

Source: Recode Decode via 9To5Mac

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22 Comments

1. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

Even if it doesnt its no big deal. Amazon is too versatile anyway. Apple on the other hand is too dependant on iPhones. Majority of its profits comes from a single product line. 1 small f**kup with iPhone and the company is going downhill. Amazon has some of the biggest clients in its servers business, massive online shop, its own music and video streaming service with its own great tv shows. And much much more. If anything Amazon might be the only company to go over 1 trillion and stay up there.

2. nctx77

Posts: 2540; Member since: Sep 03, 2013

Most of Apple's money does come from iPhone, but don't act like they do t have any services dude. On top of that, the are obviously working on other things that are not yet on the market. By Apple standards, the iPad may be declining (mostly over upgrade cycle), but it's still the best selling tablet. Watch is the best selling smart watch and Mac is doing fine for what it is. Lastly, where do you see iPhones declining anytime soon? Unless some new tech comes out that replaces smartphones, Apple has nothing to worry about. Even if some new tech came out, they would be one of the front runners with it. That what happens when you have a trillion dollars laying around buddy.

3. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

iPads are falling, like seriously falling. They never published watch sales simply cause they are too small to be worth showing off. MAC's are steady and you can say doing well, still they are tiny fraction from overall iPhone profits. Doesnt matter on what is Apple working on. Majority of its profits come from a single product line. Its scary that 1 big f**kup with iPhone and Apple suddenly is worth 1/5th of its value.

5. apple-rulz

Posts: 2046; Member since: Dec 27, 2016

Please post the evidence that Apple doesn't post Watch sales because they are "too small to show off". Please post a link to something factual to back up your claim, do not post a link to an anecdotal article.

6. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

Apple has posted sales numbers for almost every single product of its. Cause most of its products sell in tens of millions. The fact that THE ONLY big apple product has no sale numbers for years now can only show that it doesnt sell as much as Apple would like to brag about. Please tell me a better reason than that. In any case, even if the watch sells a lot, still iPhones makes most of its profit by a huge margin. Its basically around 4/6 iPhone profits, 1/6 mac profits, then all the rest, from official numbers that you can check online when you combine them.

8. apple-rulz

Posts: 2046; Member since: Dec 27, 2016

I told you no anecdotal story, and that's what you give me regardless. You aren't very adept at following instructions. Regardless, it's painfully clear you wish Apple would receive the comeuppance you believe they so richly deserve, so I'll just file you into the troll drawer.

9. tedkord

Posts: 17318; Member since: Jun 17, 2009

You have no idea how much the Watch is selling. Cook claiming its the best selling watch without any numbers is as silly as Trump claiming to be the most successful president of all time.

10. apple-rulz

Posts: 2046; Member since: Dec 27, 2016

You aren't even a good troll, you're just a petulant Apple hater. I'm going to post a link, I await your reply to the tune that analysts aren't trustworthy or their data is suspect or none of them are as erudite as you, so on and so on; https://www.google.com/amp/amp.timeinc.net/fortune/2017/02/08/apple-watch-2016-sales/%3Fsource%3Ddam

13. meanestgenius

Posts: 21798; Member since: May 28, 2014

@post 10 You said: "Please post the evidence that Apple doesn't post Watch sales....." And then you post a link proving exactly what Martin_Cooper and Tedkord are saying to be true. Your link shows estimates by outside parties, and not any hard numbers from Apple themselves.

16. apple-rulz

Posts: 2046; Member since: Dec 27, 2016

My poor head can't take any more stupidity! Sigh, but here we go-you conveniently cut off what I wrote, but let me try to explain, though I know it won't do any good since your mind is already made up; By taking the reported amount of money that Apple breaks into categories, analysts are able to make a reasonable deduction as to how many Watches were sold, and how much income the Watch generates.

17. meanestgenius

Posts: 21798; Member since: May 28, 2014

Lol, if your head can't take any more stupidity, then you should stop saying stupid things. And why copy and paste everything that you said when it's right there in digital ink for all to see? Analysts make GUESSES at BEST. They don't have exact numbers if the exact numbers aren't provided, and in this case, they aren't provided. I know that's hard for you to comprehend, so I'll give you a little time to work it through.

18. apple-rulz

Posts: 2046; Member since: Dec 27, 2016

I have to copy and paste for the benefit of idiots like you. I can't waste anymore time with your ilk, run along now.

19. meanestgenius

Posts: 21798; Member since: May 28, 2014

That extreme pain that you are feeling in your rectum that is accompanied by anal leakage is because I proved you wrong. Get used to it, dumb@$$.

15. BullDozer

Posts: 154; Member since: Dec 18, 2015

Iphone decline started already year ago. You just have to read news and not Apple commercials. They had one better Q after iphony 7 launch but slide continued on last Q again. If rumours to believe also IPhone8 will have nothing so special to make a turnaround. Apple's service business is iPhone dependant or have you seen many Android users there. Money they sure have... but no courage or vision to use it. In current condition they wont have a chance when next disruptive tech comes out. They are already far behind in AI and AR&VR for example.

4. fyah_king unregistered

My Amazon stocks keeps on growing!!!

7. Plasticsh1t

Posts: 3101; Member since: Sep 01, 2014

Did you sell your Apple stocks?

20. darkkjedii

Posts: 30973; Member since: Feb 05, 2011

@post 7. LMAOOOOO! I still remember that day, he was soooooo pissed.

21. Plasticsh1t

Posts: 3101; Member since: Sep 01, 2014

#20 yeah I remember he said he sold his Apple stocks because "Apple is evil" and he's set for live and he's looking for a suitable private island. And now he bought stocks from Amazon. To this day I still laugh at his story LMAO.

22. darkkjedii

Posts: 30973; Member since: Feb 05, 2011

Funniest lie ever bro.

11. zeppo

Posts: 200; Member since: Jul 21, 2015

Amazon is dominating delivery services. I worked for Amazon Flex as driver part time. Some households spend thousands of dollar a year for Amazon services. They order from Amazon Fresh, 2-hours Prime, Amazon Restaurants, Amazon.com, Local Market. People never ever go out shopping anymore.

12. dazed1

Posts: 794; Member since: Jul 28, 2015

Useless globalist subject, important only for iFanatics

14. meanestgenius

Posts: 21798; Member since: May 28, 2014

I could see this actually becoming a reality. Amazon is so diverse. Much more diverse than Apple is, and they don't depend on one product line for the bulk of their sales.

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