{"id":145666,"date":"2018-09-05T13:01:48","date_gmt":"2018-09-05T03:01:48","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/auarticles\/amazon-joins-the-trillion-club\/"},"modified":"2021-04-15T09:02:06","modified_gmt":"2021-04-14T23:02:06","slug":"amazon-joins-the-trillion-club","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/amazon-joins-the-trillion-club\/","title":{"rendered":"Amazon Joins the Trillion Club"},"content":{"rendered":"

\"\"Just over a month ago Apple became the first company to reach $1 trillion market cap after its shares closed at $207 per share. Now Amazon has become the second company to hit the historic milestone after its share price rose to $2,050 per share. <\/span><\/p>\n

\u00a0<\/span>In case you didn\u2019t know, Amazon offers a range of products and services through its websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. <\/span><\/span><\/p>\n

\"\"<\/p>\n

Not many people expected Amazon to reach $1 trillion this quickly. Back in March, Brent Thill an analyst from Jeffries stated that Amazon would reach the milestone in 2022 when the share price was at around $1585 per share. But since then, we have seen the share price increase by around 28% and Amazon become world\u2019s second company to reach $1 trillion market cap. With Amazon continuing acquiring new companies, we could see the share price rising in the future.<\/span><\/p>\n

\"\"<\/p>\n

 <\/p>\n

\"\"The Worlds Richest Person<\/i><\/u><\/strong><\/p>\n

It is worth pointing out that Jeff Bezos, Amazon\u2019s CEO is world\u2019s richest person with total net worth of $166 billion. He has increased his net worth by $66 billion just this year alone, according to the Bloomberg Billionaires Index.<\/span><\/p>\n

Interestingly, if you bought $10,000 worth of Amazon shares back in September 2008 at $80 per share, they would now be worth around $253,750 USD at the share price of $2,030. You might not be the world’s richest person had you made this trade, but perhaps pleased with the overall profit margins. <\/span><\/p>\n

So has the market topped out or is this just the beginning of further growth for the Nasdaq stock? The jury is still out on this one. <\/span><\/p>\n

 <\/p>\n

 <\/p>\n

By Kl\u0101vs Valters\u00a0 (<\/strong>Market Analyst)<\/strong><\/p>\n

This article is written by a Wixad Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.<\/p>\n

Sources: TradingView, Google.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Just over a month ago Apple became the first company to reach $1 trillion market cap after its shares closed at $207 per share. 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