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Old 09-05-2018, 03:02 PM
 
Location: Honolulu, HI
4,569 posts, read 1,141,729 times
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Quote:
Now that Amazon joined Apple in the trillion dollar market value club Tuesday, the race is on to see which company can cross $2 trillion

At least one analyst is predicting that Amazon will eventually beat Apple to the mark.

D.A. Davidson's Tom Forte said in an email Tuesday that Amazon (AMZN) may have the upper hand on Apple (AAPL), because it has more room to grow.

The company has gotten to its current valuation partly because its cloud computing unit, Amazon Web Services, is booming.

Forte wrote that it has "been a godsend for the company's profitability and, ultimately, its share price." He added that if Amazon was "a money losing e-commerce company, we would not be here today."

The strength of its web services business has allowed Amazon to continue to expand into other non-core areas. Last year it bought Whole Foods, and it recently bought online pharmacy Pillpack. Some rumors say Amazon may want to move even further into the media business and buy the Landmark movie theater chain.

https://money.cnn.com/2018/09/05/new...ion/index.html

Interesting breakdown, it's Amazing how fast Amazon continues to grow and how wealthy it's making Jeff Bezos.
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