After Apple, can Amazon be next in line to cross a trillion dollar in market value? Amazon is already worth over $930 billion and needs to climb a little over 7% to hit $1 trillion.
The mark does not look too far-fetched, given Amazon’s stellar performance in recent times. It posted a record $2 billion of earnings over Q2 2018 – thanks to its burgeoning cloud computing segment, rapidly growing advertising business and strong Prime subscription numbers.
Analysts are reportedly betting on a 32% surge in sales for the company and a potential tripling of earnings per share for the year.