27% off on Apple iPhone SE
Amazon.com may soon overtake Apple as most valuable cpompany and achieve a market capitalization of 1 trillion Dollars.
Wall Street's optimism about last year's 10th anniversary iPhone had propelled Apple's stock 24 percent higher over the past 12 months, giving it a market capitalization of $893 billion. This is 141 billion Dollars more than Amazon's market capitalization (752 billion USD).
Amazon's stock rose by 83% in the past year, boosted by rapid revenue growth, as most of the shopping is shipped online, and companies are directing their cloud operations where Amazon Web Services is the market leader.
With Berkshire Hathaway Inc and JPMorgan Chase & Co. and Amazon joining hands to walk into the healthcare market to provide a cheaper alternative to healthcare.
At $783 billion, Alphabet Inc has the second largest market capitalization.
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But it's becoming clear that Amazon, like Apple, is a virtual shoe-in to hit the $1 trillion mark at some point within the next couple of years, barring a major market meltdown like the one we last saw almost ten years ago amid the financial crisis. The Google parent company's stock has grown about 33 percent over the past year, faster than Apple but far slower than Amazon.
Reuters points out if Amazon's stock keeps on growing with the same trajectory as the past year its capitalisation will hit USA $1 trillion in last August and Apple would reach it a week later.
Meanwhile, optimism about Apple's iPhone X has given way to concerns that demand for the $1,000 device may be weaker than expected.
Still, the recent stock price rises cannot serve as a reliable forecast for future performance, and the surge in Amazon's stock price in recent years is an exception to most standards. Apple may be a fantastic brand with great ideas, but with Amazon covering so much ground, Apple may have a few worries.
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