Just a quick update on my piece on Apple becoming the most valuable company reaching the $1T market value threshold with news that Amazon briefly hit that same point yesterday. Amazon’s path to get to that position was quite different from Apple’s, since Amazon is a relatively “young” company. Whereas Apple went public in 1980, Amazon only did in 1997. The companies are also wildly different in terms of profitability. In 2017 Apple’s profits were $48B while Amazon’s was $3B.
A couple of good pieces that cover this news is this piece from the NYTimes and another one from Bloomberg, both of which are cautious about what the future holds for Amazon.