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Amazon Becomes Second Company to Reach $1 Trillion Market Value
September 24, 2018
Amazon has become the world’s second company to achieve $1 trillion market value after Apple. This commendable feat was achieved when its stock price reached USD 2,050 per share recently. Interestingly, it reached another milestone of selling over 100 million products recently during the annual Prime Day event.
What Apple achieved in terms of market value in 38 years, Amazon did it in just 21 years. Furthermore, Amazon’s sales growth is much higher than Apple especially because it’s diversifying into every corner of the retail industry and giving the people better options to shop online.
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