Apple got within 10.5% of a twelve-figure valuation last month before taking a breath.
Alphabet (Google), Microsoft, Amazon and Facebook aren’t far behind. Two charts:
Click to enlarge.
Price to earnings, displayed on a log scale to squeeze in Amazon:
My take: There’s nothing magical about a market capitalization of one trillion U.S. dollars, except perhaps as a psychological barrier. But when oh when will Apple be comparably valued?