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Amazon quickly follows in Apple's footsteps and hits $1 trillion valuation

Amazon quickly follows in Apple's footsteps and hits $1 trillion valuation

Amazon has become the second public US company to top a market value of $1 trillion.

Yesterday, the BBC reported that shares in Amazon.com peaked at $2,050.50 in morning trade, before pulling back over the course of the day.

The news is no huge surprise - Amazon CEO Jeff Bezos has personally become the richest man on Earth with an estimated worth of $160 billion.

Welcome to the jungle

Amazon follows closely after Apple, which became the first public company to reach a value of $1 trillion last month.

But while the iPhone creator may be winning the long game, Amazon is quickly catching up - passing milestones at a much faster rate. Where Apple’s climb from $600bn to $700bn took 622 days, for example, Amazon’s took only 16 days.

Besides the online store, Amazon has its fingers in dozens of pies - including being the market leader in cloud computing with Amazon Web Services.

It also has its own game publishing arm and storefront, alongside the Lumberyard game engine. Last year, Amazon reported profits of over $2.5 billion.


Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and Pocketgamer.biz, she's written across the games media landscape and was named in the 2018 GamesIndustry.biz 100 Rising Star list.

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