Apple is very close to becoming the world’s first trillion-dollar company thanks to a current market cap of over $900 billion, but according to a recent analyst estimate, there’s a better chance Amazon manages to reach this important milestone before the Cupertino-based firm.
In a note to investors, GBH Insights analyst Dan Ives says Amazon is very likely to continue its growth in the coming months and he estimates that the $1 trillion threshold could be reached in 12 to 18 months.
“The Prime membership moat that [CEO Jeff] Bezos & Co. have built is gaining further steam in the field, and the Amazon ‘flywheel effect’ is further playing out globally among consumers,” Ives explained.
“The Bezos strategic path, both on the consumer and enterprise fronts, [is] still in the middle innings of playing out … (read more)
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