Amazon joined the exclusive $1 trillion club last year but it looks like Jeff Bezos' behemoth is continuing the dominance by showing us its stock market dominance.
Jeff Bezos’ e-commerce giant Amazon, accumulated $797 billion in market value on Monday, ending the day trading up 3.4 percent at $1,629.51 per share and overtaking Microsoft to become the most valuable publicly-traded company in the U.S.
Microsoft, also not sitting down, it shot past Apple to nab the title on Nov. 28, closed up .1 percent at $102.06 per share Monday with a market capitalization of $783 billion. According to Fortune, November was the first time in eight years that Microsoft successfully outpaced Apple in the stock market, following concerns surrounding Apple’s growth.
Apple, is having it's own share of troubles and about $56 Billion behind Alphabet, the Google's parent company. Alphabet had a roughly $756 billion market cap Monday afternoon, while Apple’s hovered around $700 billion.
“While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China,” Cook wrote in the letter. “In fact, most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad.”
In 2019 we will see Amazon, Microsoft, Alphabet and Apple playing stock racing even though Apple seem to be needing some gas.
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