Well, that didn’t take long – Amazon is the next ‘trillionaire’
Now Apple has company… and that “company” is Amazon. That’s right – Amazon, very quickly, hit the trillion dollar mark and has become the second company to do so. Apple and Amazon account for 8% of the S&P 500, collectively. To put this in perspective, you would need to add the market cap of the 14 largest big-box retailers to equal Amazon.
Investors invested without… profit for quite some time. However, over the past year, the tech giant has been showing investors the money. In 2017, second-quarter net income was $197 million; in 2018, second-quarter net income was $2.5 billion – how is that for results? There are plenty of ways to increase that income, as well, with Amazon Web Services, cloud revenue, and advertising revenue all padding those stats.
Not just hype… as Amazon continues to flex on just about every company out there. Does this mean the company will have nothing but success going forward? Not necessarily – but they are in good position to continue to do exceedingly well. So Amazon shareholders can continue to count their money because all is going according to plan…