Race to a trillion

Leading tech companies have enjoyed surges in market capitalisation, as revenues and profits have powered ahead and investors showed an insatiable appetite for their shares. Apple is closest to becoming the first listed company to achieve a $1tn valuation, but Amazon, Alphabet and Microsoft are not far behind

Dominance of low-margin ecommerce gives it an edge in high-margin ad sales

With a wider range of services in its surging cloud division, growth is accelerating

Alphabet is closing in on $1tn valuation thanks to a new growth spurt in the core business

Growth of tech giant’s services business finally being noticed by Wall Street

Will Apple, Amazon, Microsoft or Alphabet reach the ‘quatro commas’ club first?

Record buyback programme obscures exact number of shares outstanding

More from this Series

Facebook, Amazon and Google earnings remain untouched by political backlash

Regulatory risks will not stop big tech race to give world its first $1tn company

The iPhone maker’s buyback and dividend plans in context

US tech giants are investing more in their businesses than many non-tech peers