Amazon is now getting closer to overtaking Apple and move closer to the $1 trillion market valuation threshold, after the company surpassed the $900 billion mark for the first time.
Prime Day sales pushed Amazon’s stock market value to $902 billion, closing in on Apple who remains the leading firm with $935 billion. Amazon’s growth, however, is a sign that a switch of places could take place rather sooner than later, with the company’s market cap increasing no less than 123,000 percent since 1997.
As Reuters reports, Amazon’s stock also surged more than 57 percent this year alone, and if the same trend is maintaine… (read more)
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