Apple is once again considered the most valuable company in the United States with a market value of $889 billion, followed by Amazon with $768 billion.
While Apple's success doesn't particularly impress us given that Cupertino has managed to achieve a great rise in a short period of time, what is of interest is Amazon 's strong performance, which this year managed to surpass Alphabet, Google's parent company.
Alphabet ,while Microsoft came in fourth with $717 billion.
Analysts had predicted that Apple could become the world's first company with a $1 trillion market share, but the recent sales performance is a sign that the giant needs more time to achieve that goal.
The release of the iPhone X was seen as a potential catalyst for a major boom that would help Apple reach the $1 trillion mark, but as it turns out, demand for the device is far below expectations.
Apple, however, has high hopes that this year's iPhone lineup will boost its value in the market, as it plans to release a more affordable device.
On the other hand, Apple's competitors have an equal chance of reaching the $1 trillion mark within the next three years.
In other news, Microsoft's revenue has grown significantly in recent quarters and is expected to maintain this growth rate over the next two years, which could give the world's largest software company a chance to catch up with its strongest competitor, Apple.
