Like Apple, Amazon Becomes World’s Second $1Trillion Company 624c3r

Like Apple, Amazon Becomes World’s Second Trillion-Dollar CompanyLike Apple, Amazon Becomes World’s Second Trillion-Dollar Company

Just about one month ago, that world’s leading technology giant Apple Inc becomes first ever American public traded company to hit $1 trillion in valuation, e-commerce giant Amazon Inc becomes the second American public traded company that will hit that milestone as the company stock shares rose as high as $2,050.50 on Tuesday morning, pushing it over $1 trillion in value.

But while Apple reached $1T by dominating one category (cool tech hardware), Amazon reached $1T by diversifying revenue streams. Now, Amazon is applying its recipe for disruption-fueled growth to the $88B digital advertising industry.

A tale of two trillions: The Buffett-Bezos binary

Apple, a fav of Warren Buffett, moves slowly and cooks up profits; Amazon moves fast and eats losses. Both approaches are working — but Amazon’s approach works faster.

Amazon hit $1T 21 years after its IPO, 17 years faster than Apple. The big bookseller also grew at a quicker incremental clip: they went from $600B to $700B in 16 days, compared to Apple’s 1 year and 257 days.

Like Apple, Amazon Becomes World’s Second Trillion-Dollar Company
Like Apple, Amazon Becomes World’s Second Trillion-Dollar Company

Different paths, different payouts

Apple’s strategy of high-value product leadership has worked. By controlling more than 50% of the smartphone market across the globe, they’ve vaulted their stock price from a $22 IPO to a high of $228.36 — a 10x increase in value.

Amazon, on the other hand, dominates e-commerce (49¢ of every $1 spent) and data storage, has made serious leaps in food delivery, entertainment, and healthcare, sending stock prices from an $18 IPO price to $2,050.50 (a 114x increase).

A $1k investment in Apple’s IPO would yield roughly $527k today. That same investment in Amazon’s IPO would net $1.2m — with 17 fewer years of waiting.

Even in the digital ad game, Amazon has room to grow

Now, Amazon is poised to jump into the tech-crowded market of digital advertising. Amazon’s big advertising rivals Google and Facebook now for 50%+ of the $88B digital advertising market.

But while advertising is the backbone of business at Facebook and Google, it’s just another department at Amazon — one that happens to be growing 130% year over year.

By gistyinka 6r212z

About GYONLINENG. COM To Entertain and Celebrate African Dreams Both Home and Diaspora. Catch all the Latest trending News, Entertainment News, Celebrity Lifestyle and Society News on gyonlineng.isosite.org. Get All the Important and Interesting Gist & News in the Entertainment & Music Industry Daily into Your Mailbox Everyday at 10am (GMT + 1). You can subscribe to our list through the subscription box on the top bar of the site.. Follow Me Here Follow @gyonlineng</a

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