- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices Trading
- Share CFDs Trading
- Cryptocurrency CFDs
- Treasury CFDs
- ETF CFDs Trading
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile Trading Platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & Analysis
- Education Hub
- Economic Calendar
- Earnings announcements
- Courses
- Courses
- Introduction to forex
- First steps in forex
- Next steps in forex
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices Trading
- Share CFDs Trading
- Cryptocurrency CFDs
- Treasury CFDs
- ETF CFDs Trading
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile Trading Platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & Analysis
- Education Hub
- Economic Calendar
- Earnings announcements
- Courses
- Courses
- Introduction to forex
- First steps in forex
- Next steps in forex
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Shares and Indices
- Amazon on Track to Become a $1 Trillion Company
- Home
- News & Analysis
- Shares and Indices
- Amazon on Track to Become a $1 Trillion Company
News & AnalysisNews & AnalysisAmazon on Track to Become a $1 Trillion Company
By Klavs Valters
With Apple close to becoming the first company in the world to reach $1 trillion market cap, Amazon is also closing in. As one of the world’s largest online retailers it is on track to reach the milestone by 2022, according to Jefferies analyst Brent Thill. Thill sees the expansion of their digital advertising business as a key driver bringing in a potential revenue of $22 billion by 2022, up from $4 billion in 2017.
Amazon offers a range of products and services through its websites. The company operates through three segments: North America, International and Amazon Web Services (AWS). The company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices.
In 2017, we saw Amazon acquire 11 companies, further accelerating their growth. One of the most notable acquisitions was Whole Foods Markets, a supermarket chain that specialises in selling food products without artificial preservatives, colours, flavours, sweetener and hydrogenated fats. The deal cost Amazon around $13.7 billion and shows the company’s plans to expand into different sectors. Whole Foods has 473 stores in the United States, Canada and United Kingdom.
We are barely three months into the new year and we have seen Amazon already make their first acquisition. Last month, the tech giant purchased the Ring (formerly Doorbot) – a global home security company. The deal is rumoured to be worth between $1.2 to $1.8 billion.
Amazon are also planning to bid for the rights to stream major sporting events such as, the English Premier League, NFL (National Football League), MLB (Major Baseball League) and NHL (National Hockey League) to attract more people to subscribe to the Prime membership. With the American league (NFL, MLB and NHL) deals set to expire in 2021, it will be the first time for Amazon and other major tech streaming platforms to bid for the rights against the traditional media companies.
In 2017, we saw the Amazon share price rise about 53% and this year we have already seen the price rise by 28%. Further expansion into different sectors will certainly help Amazon’s performance moving forward and reach the $1 trillion market cap sooner rather than later.
Amazon
Source: TradingviewReady to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
Next Article
First Quarter Overview – Massive Swings and Volatility in Stock Markets
First Quarter Overview - Massive Swings and Volatility in Stock Markets First quarter of the year ended with markets experiencing massive swings and volatility. Higher bond yields, revised inflation expectations and a potential trade war brought fears to the markets, making investors very sensitive to any economic data releases or changes ...
April 17, 2018Read More >Previous Article
Time Ticking for Brexit
Time Ticking for Brexit By Klavs Valters In just over a year – on 29th March 2019 to be exact – Britain is scheduled to leave the European Union...
March 18, 2018Read More >