Apple Inc. (NASDAQ: AAPL) has been surpassed by Microsoft and Nvidia in market capitalization, positioning it as the third-largest company in the world. Analysts predict that Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG, GOOGL) could also overtake Apple by 2030 due to their strong growth trajectories.
As of now, Apple has a market cap of approximately $2.44 trillion. Comparatively, Amazon’s market cap stands at $2.23 trillion and Alphabet’s at $2.03 trillion. Alphabet has reported that it already outperforms Apple in net income, which increased by 46% year over year, while Apple’s growth rate has stagnated.
Apple’s stock is currently trading at 28 times forward earnings, significantly higher than the S&P 500 average of 22.8 times. If Apple’s valuation were to adjust to market averages, it could see a decline of nearly 20%, impacting its market presence.
