Apple Inc. (AAPL) in Cupertino, Calif., is a technology behemoth that operates as a designer, manufacturer, and marketer of smartphones, PCs, tablets, wearables, accessories, and related services worldwide. In comparison, Microsoft Corporation (MSFT) in Redmond, Wash., is a software behemoth that provides software services, solutions, and devices worldwide. The company sells its products through distributors, OEMs, resellers, or digital marketplaces. Both companies have more than $2 trillion in market capitalization.
Former U.S. President Donald Trump, at the height of his presidency, designated the four companies–MSFT, AAPL, Alphabet Inc. (GOOGL, GOOG), and Amazon.com, Inc. (AMZN)--as MAGA stocks, to highlight that their acronym was the same as the abbreviation for his presidential campaign “Make America Great Again.” All four companies had hit the trillion-dollar market at that time.
