• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

‘Take time in quiet’: Melinda French Gates says to spend at least 10 minutes a day on self-care

2

Harry and Meghan's homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune

3

Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California's billionaire tax is spent

1

‘Take time in quiet’: Melinda French Gates says to spend at least 10 minutes a day on self-care

2

Harry and Meghan's homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune

3

Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California's billionaire tax is spent
TechData

The iPhone 8 Release Could Help Push Apple to $1 Trillion

By
Grace Donnelly
Grace Donnelly
Down Arrow Button Icon
By
Grace Donnelly
Grace Donnelly
Down Arrow Button Icon
September 11, 2017, 11:00 AM ET
Add Fortune on Google for similar content.

Apple has been steadily inching closer to a 12-zero valuation and the hotly anticipated iPhone 8 could help push closer to the line.

The largest tech company in the world and number three on the Fortune 500 list may be the first to reach a $1 trillion valuation. The tech giant climbed to over $840 billion in September, an increase of more than 500% over the last ten years.

Wall Street analysts expect the iPhone 8 release could be especially good news for shareholders if it’s able to steal marketshare from Android users. But there’s a bit of trepidation: Apple shares fell last year after the release of the iPhone 7.

Analysts have been saying that Apple could cross the $1 trillion threshold in 2018. Even Warren Buffet believes the company will make it there before Berkshire Hathaway — he’s invested $1 billion in Apple stock over the last year.

But what about the competition?

Alphabet, Facebook, Microsoft, and Amazon are all chasing the ten-digit trajectory, but none is expected to beat Apple to that milestone finish line.

Google’s parent company, Alphabet, has some way to go before it catches up. It has the second largest market cap, $649 billion, among the S&P 500 cohort. That means it has a $351 billion gap between it and the $1 trillion mark, more than twice the size of Apple’s $160 billion gap.

To put this amount of money in perspective, consider it in terms of gross domestic product. If Apple was a country, it would be the 18th richest in the world ranked by 2016 GDP.

The chart above shows where Apple falls among the world’s largest economies as of September 2017, but if it hits $1 trillion it would move up between Mexico and Indonesia. Reaching that mark would make Apple richer than all but 15 nations on earth.

Market caps and GDPs aren’t perfect comparisons, but the metric has one important proponent: In 2001 Warren Buffett told former Fortune’s Carol Loomis that he thought it was “probably the best single measure of where valuations stand at any given moment.”

About the Author
By Grace Donnelly
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.