Amazon Joins Apple as World's Second Trillion Dollar U.S. Company

Amazon has officially become the world's second trillion dollar publicly traded U.S. company, in terms of market cap, which is simply the company's number of outstanding shares multiplied by its stock price.

amazon
Amazon shares briefly crossed the $2,050.27 mark in intraday trading today, giving the online retail giant a market cap of slightly over $1,000,000,000,000, based on its latest total of 487,741,189 outstanding shares. The milestone was fueled by a roughly one percent increase in Amazon's stock price today.

Apple beat Amazon in the race to a trillion dollar valuation when its stock price crossed $207.05 on August 2. After those two companies, tech rivals Microsoft and Google are closest in line, with market caps around $850 billion and $840 billion respectively as of mid-day trading on Tuesday.

Amazon shares have more than tripled in the past three years, as the company expands upon its dominant position in online and physical retail.

Amazon competes with Apple in a number of areas, with its digital assistant Alexa rivaling Siri and its Prime Music service rivaling Apple Music. Apple is also expected to launch a Netflix-like streaming video service next year, with dozens of original series, that competes with Amazon Prime Video.

Tag: Amazon

Top Rated Comments

topgunn Avatar
38 months ago
I don't get the market's infatuation with Amazon and their paper thin margins. Here is a little comparison via CNBC ('https://www.cnbc.com/2018/05/11/apple-made-more-profit-in-three-months-than-amazon-has-generated-during-its-lifetime.html'):

[Apple] generated a $48.35 billion profit during its fiscal 2017 and made $13.8 billion in net income during the March 2018 quarter, while Amazon's total net income since inception is about $9.6 billion.

Apple, made more profit in one quarter than Amazon has made...ever.
Score: 15 Votes (Like | Disagree)
Wowereit Avatar
38 months ago
Wow, Amazon's share prices are $2000 compared to Apple's $200? That's surprising.

That said, Amazon haven't had a stock split, though even with that in account it's still a huge difference. It just shows how comparatively low Apple's market valuation is.
The valuation per share has nothing to do with the valuation of the company as a whole and is only relevant in relation to the entire amount of shares.

Apple without any splits would be worth over $10k per share. Which would still say absolutely nothing about the company, just a fun fact.
Score: 11 Votes (Like | Disagree)
djcerla Avatar
38 months ago
to be quite honest I'm surprised Amazon didn't beat Apple by over a month earlier.
Are you? Amazon, in all of its existence, made less money than Apple does in the average quarter.

And no, things aren’t getting much better: in Europe they increased sales but also losses, for example.

AMZN is hugely overpriced, while Apple shares are still undervalued at just 20x PE not even considering the huge mountain of cash they are amassing.

That’s precisely why Buffett loaded on AAPL and doesn’t own a single AMZN share.
Score: 8 Votes (Like | Disagree)
Menel Avatar
38 months ago
Wow, Amazon's share prices are $2000 compared to Apple's $200? That's surprising.

That said, Amazon haven't had a stock split, though even with that in account it's still a huge difference. It just shows how comparatively low Apple's market valuation is.
I don't know about low market valuation for Apple...

Amazon has much more diversity, and a stronger position. A portfolio of selling millions of types of products, the Sam Walton approach with a new delivery system.

Everything Apple has, and growth, is HUGELY dependent on one product, iPhone. Can continue to make them, or break them.
Score: 4 Votes (Like | Disagree)
keysofanxiety Avatar
38 months ago
And they will rule the world, unlike T Cook.
You're absolutely right: Jeff Bezos does have super-villain intentions of world domination.

Whereas T Cook's happier to be the every man's superhero, fighting crime by night. All of his lines somehow shoehorn in his superhero name.

"Holy soldered RAM, Cookman!" squeaks Schillboy, Cook's trusty sidekick. "If we don't add another fan soon, that i9 might overheat!"

Cookman chuckles loudly: his resounding echo shakes the walls. "Oh Schillboy!" he says with a grin, shaking his head and patting him on the shoulder gently. "We'll just fix that with a firmware update! There'll be no... COOKED components tonight!"

Both laugh heartily as the frame freezes and the credits roll.
Score: 4 Votes (Like | Disagree)
Squeak825 Avatar
38 months ago
Wow, Amazon's share prices are $2000 compared to Apple's $200? That's surprising.

That said, Amazon haven't had a stock split, though even with that in account it's still a huge difference. It just shows how comparatively low Apple's market valuation is.
Score: 4 Votes (Like | Disagree)

Top Stories

Pro Display XDR Yella

Apple Working on External Display With Built-In A13 Chip

Friday July 23, 2021 9:37 am PDT by
Apple is developing an external display that includes an A13 chip with Neural Engine, according to a new rumor from 9to5Mac. The A13 chip with Neural Engine would presumably serve as an eGPU, though details are light at this time. Having a CPU/GPU built into the external display could help Macs deliver high-resolution graphics without using all the resources of the computer's internal chip....
iOS 14 on iPhone feature emergency

Apple Releases iOS and iPadOS 14.7.1 With Fix for Touch ID Apple Watch Bug

Monday July 26, 2021 9:48 am PDT by
Apple today released iOS and iPadOS 14.7.1, minor bug fix updates that come just a week after the release of iOS 14.7, software that introduced new Apple Card features and support for the MagSafe Battery Pack. The iOS and iPadOS 14.7.1 updates can be downloaded for free and the software is available on all eligible devices over-the-air in the Settings app. To access the new software, go to...
discount m1 macbook yellow

Deals: Shop Record Low Prices Across Apple's Full MacBook Pro and MacBook Air Lineup (Up to $499 Off)

Friday July 23, 2021 8:23 am PDT by
Apple's MacBook Pro and MacBook Air lineup is seeing all-time low discounts across the board today, including the 2019 16-inch MacBook Pro, 2020 13-inch MacBook Air, and 2020 13-inch MacBook Pro. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. 13-Inch M1...
iphone 12 pro gold

Report: iPhone 14 Pro Models to Feature Tough Titanium Alloy Chassis

Monday July 26, 2021 1:12 am PDT by
Next year's "iPhone 14" series is expected to feature high-end models with a new titanium alloy chassis design, claims a new investors report by JP Morgan Chase. According to the report, the use of titanium alloy will be one of the biggest changes to the case design in the 2022 iPhone series, and Foxconn will be the exclusive manufacturer of the titanium frames for the high-end models....
FaceID iMac REREREREMIX

Gurman: Face ID on the Mac Coming Within a 'Couple of Years'

Sunday July 25, 2021 7:09 am PDT by
Apple plans to bring Face ID to the Mac within the next "couple of years," respected Bloomberg journalist Mark Gurman said today in the latest edition of his Power On newsletter. In the newsletter, Gurman says that he believes Apple's ultimate goal is to shift all of its products to Face ID, including the lower-end iPhones such as the iPhone SE and the iPad Air, which feature Touch ID....
airpods 3 gizmochina Feature

AirPods 3 Rumored to Launch Alongside iPhone 13 at Expected September Event

Friday July 23, 2021 12:54 am PDT by
The third-generation AirPods will likely launch at the same event revealing Apple's upcoming iPhone 13 lineup, according to a report from DigiTimes, which makes the claim citing sources familiar with the matter. The report as a whole echoes previous reporting that production of the third-generation AirPods will kickstart in August, meaning a launch shortly after can be easily expected. DigiTi...
imac with accessories

Larger Redesigned High-End iMac Rumored to Launch Next Year

Monday July 26, 2021 3:45 am PDT by
Apple's larger redesigned iMac will arrive sometime in 2022 rather than later this year, according to the leaker known as "Dylandkt." On Twitter, Dylandkt claimed that Apple's "high end iMac" is not expected to release in the fourth quarter of 2021 alongside Apple's "M1X Macs" – a reference to Apple's redesigned MacBook Pro models – because "Apple simply does not want their devices to...
apple bitcoin hack

Is Apple Really Buying Bitcoin?

Monday July 26, 2021 3:07 am PDT by
A large number of websites and posts on social media are stoking rumors that Apple has purchased $2.5 billion worth of bitcoin in the company's first move into cryptocurrency, but is there any validity to the claims? Many people are citing the fact that Apple was looking for a Business Development Manager with experience in alternative payments, including cryptocurrency, earlier this year as ...
apple mac business page

Apple Shares 11 Reasons Why Business Users Should Choose Macs

Monday July 26, 2021 11:35 am PDT by
Apple today updated its Apple at Work website with a new section dedicated to the Mac, which offers up 11 reasons why "Mac means business." On the webpage, Apple highlights the M1 chip as the number one reason why business users should choose a Mac, offering up an M1 overview [PDF] that explains the benefits of the M1 chip. The information isn't new, but it does provide a look at all of...
magsafe battery pack iphone 12 mini

Top Stories: Hands-On With MagSafe Battery Pack, iPhone 13 Always-On Display?

Saturday July 24, 2021 6:00 am PDT by
Apple's new MagSafe Battery Pack is now available, and we went hands-on this week for some early impressions of the new accessory to get more battery life out of Apple's iPhone 12 lineup. Subscribe to the MacRumors YouTube channel for more videos. This week also saw a number of rumors about the upcoming redesigned MacBook Pro models, the iPhone 13 lineup, the next-generation iPad mini, a new...