Business is always about business with larger corporations. After all, larger companies are able to stay in business on such a grand scale because they continue making money. While money isn’t the only goal for companies like Google and Apple, earning revenue is a huge part of what they do and both companies are worth quite a lot. A couple of years ago most of us might have pegged Apple as the first company to potentially reach a valuation of over a trillion dollars, which will be a world first for any company, some analysts now though are predicting that Google might actually be the first company in the world to be valued as a trillion dollar company.
Tech analyst Colin Gillis stated that Google will reach and exceed a market capitalization in the trillions by the year 2020, something he truly believes is possible and within reach for the search giant. All of this according to Gillis has a lot to do with Google’s investments in things like Robotics and the self driving car, although not the only reasons, but they will certainly help to push the company to a market valuation on the U.S. stock exchange in the trillion dollar mark and assist Google in a more rapid growth over the next five years. Gillis also comments that Google is attempting to tackle projects that span a wider range of things than Apple, which isn’t untrue. Apple is continuing to offer products in areas where they’re known, computers, mobile devices etc., and now most recently wearables with the release of the Apple watch, and Apple pay.
Google however is also throwing their hat in the ring for those same products and services with Android smartphones and tablets, Chromebooks, Google Wallet, Android Wear smartwatches, and even music with Google Play Music which could be compared to Apple’s iTunes. Google is also researching as we stated above, into robotics and things like the self driving car, Google Glass, home internet through stuff like Google Fiber, and the list goes on. Having such a broad base of projects is allowing Google to tap themselves in to many major areas and bring in earnings from those areas which ultimately increase their market value. Apple is still valued at more than Google currently with a value at $599 billion compared to Google’s $372 billion as of the end of the 2013 fiscal year, and they also currently make more in revenue according to fiscal reporting from the same year, but Apple’s growth rate is slowing while Google’s continues to climb, and if it continues than Google could very well be the first company to reach a market value in the ten figure range.