Apple pulls away from Microsoft and Facebook on the way to becoming a trillion-dollar company

Apple reported better-than-expected earnings and revenue for Q3 yesterday, taking the iPhone-maker closer to becoming the first every trillion-dollar company. Sales increased by 17 percent to a record $53.3 billion, and profit jumped a massive 32 percent to $11.5 billion. While the value of Facebook plummets following numerous scandals, Apple now has a market cap of $935 billion -- the closest competitors in the world of technology are Amazon at around $870 billion, Alphabet at $845 billion, and Microsoft at $815 billion. See also: Facebook value plummets by $118bn and Zuckerberg's fortune drops $16bn following privacy scandal-fueled growth slowdown Apple… [Continue Reading]