Moving the goal posts: Amazon is always ahead
Apple made it to a $1 trillion valuation last week, beating out Amazon and making a whole bunch of people really mad about it.
Writing for USA Today, Jefferson Graham says “Apple can thank iPhone a trillion times, but it has Amazon to worry about.” (Tip o’ the antlers to Peter.)
Apple crossed the magic line on Wall Street on Thursday to become the first U.S. company worth $1 trillion.
That’s an interesting milestone for a company thought to be coasting on ideas left over by the late Steve Jobs, a firm that hadn't innovated in years.