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
58 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
58 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
58 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
58 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
58 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
58 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)

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