Saturday, September 8, 2018

Amazon reaches one trillion USD following Apple

Amazon's stock price touched 1 trillion USD just recently. It is for the second time for a particular company to gain the historic amount of value since Apple also accomplished it in the previous month.

Reuters: Amazon touches $1 trillion, on pace to overtake Apple

Amazon took only 21 years to take the point while Apple required 38 years. Apple had once faced a hard time after exiling Steve Jobs. In contrast, Jeff Bezos has been controlling the gigantic company.


Then, which will is advantageous for the next decade? I am not sure.

Apple has very few kinds of products. In other words, Apple only invented the iPhone and Mac, whereas Amazon is expanding its range of business from e-commerce to cloud computing and even work sharing. As a company, Amazon is more invulnerable than Apple, I think.

However, Apple successfully changed the boss from Steve Jobs to Tim Cook. A succession of the founder is a big challenge for companies whose top was charismatic.

Anyway, the situation is changing. Continuous pursuing better change is essential for Amazon to progress more.

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