Apple is the first company in history to worth 1Trillion dollars value earlier this year but it seems Amazon may also be on the way up the ladder.
Amazon is now worth about $940 billion since its share rose about 2% on monday. C.E.O Jeff Bezos is optimistic that not long they would cross that threshold.
Analysts are predicting that Amazon’s sales will surge 32% to a whopping $265 billion this year — and earnings per share will nearly triple. If there’s an obstacle in the path to a $1 trillion market cap, it’s not clear what that would be.
Amazon is not the only company that may likely cross the 1trillion dollar scale as search engine giants Google and Microsoft are up there too with values of $875 billion while Microsoft’s market value is nearly $840 billion.