So a few weeks ago, I reported that Apple is worth a trillion dollars. Then yesterday, another IT support company made that feat. Amazon is now worth a trillion dollars.
So here is how Amazon did it. Tuesday, their stocks passed the $2,050 mark. That’s just for one share. So now think of many many shares worth that amount. That’s the main reason Amazon crossed this tremendous feat. But that’s just the beginning. Because the other reasons are more complex. First of all, Apple just sales high end tech products at a high price. Well, some of our Boston computer service shop?clients will tell you different, and not in a good way either.
However, let’s go back to Amazon. They make 49 cents a sale on their e-commerce site. This includes everything from two dollar artifacts to two thousand dollar laptops. It employs over 550,000 people. Many of them work at home. Also look at how quickly Amazon rose to the masses. For example, as recent as 2010, Amazon was worth barely $100 billion. Also, around this time, they came out with Kindle, which sold quickly. Then came Amazon Web Services and other services. Then they went into Hollywood movies and streaming services. But as recent as 2015, they were worth barely over $200 billion. However, within the last three years, these services Amazon offers grew like wildfire.
Not only that, but they added new ones. They started Amazon Delivery, Amazon Prime, and Alexa the voice machine. Some call it exciting and awesome, while some others call it annoying and encouraging laziness (including present company). I mean, do you really need a machine to turn on the lights or TV for you? I digress. Oh, I almost forgot, they got Whole Foods now. So with all these advancements, they are the second company in American history, the third in world history, to cross the trillion dollar mark. That’s how Amazon is now worth a trillion dollars. But what about the small businesses, and major retails corporations for that matter, that got left out?