On August 2, Apple became the first US company to reach a total market capitalization of $1 trillion. Now, just a month and change later, Amazon has done the same — however briefly. The online retail behemoth's stock hit a new high of $2,049.50 per share around 11:30 a.m., Eastern time this morning, momentarily nudging its market cap over the trillion-dollar line.
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We're pretty keen on Android news here, but some things outside our immediate purview are significant enough to be worth mentioning. Here's one: today, Apple became the first US company to surpass a total market capitalization of $1 trillion (trillion as in a thousand billions).
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Amazon has just overtaken Alphabet, Google's parent company, to become the second most valuable company in the world, with a current market capitalization of 768 billion US dollars as of today's closing bell. Alphabet, which is presently valued at $761 billion, had consistently held the second position to Apple, valued at $889 billion, since around 2016.
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Every few months, our pal Daniel Ruby, research director for ad firm Chitika, takes a look at the market capitalization of Android devices. As of early November, the original Motorola Droid still holds an astounding lead in the market with nearly 19%. The HTC EVO 4G checks in to second place with 12%, followed by the Droid X at 10%. The Incredible (7%) and Vibrant (5%) round out the top five.
It's impressive to see that the Droid still has such a massive hold on the market, especially since it's been discontinued for a few months now. At the same time, that hold has fallen from the pant-crappingly high of 34% we saw back in June.
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