{"id":11446,"date":"2018-08-14T05:28:42","date_gmt":"2018-08-14T05:28:42","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=11446"},"modified":"2018-08-14T05:28:42","modified_gmt":"2018-08-14T05:28:42","slug":"look-out-apple-amazon-may-soon-be-worth-1-trillion-too","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=11446","title":{"rendered":"Look out Apple! Amazon may soon be worth $1 trillion too"},"content":{"rendered":"
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\"Apple\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Apple may soon have some company in the trillion dollar club. Amazon is worth about $940 billion.<\/h2>\n

Shares of Amazon popped 2% Monday to hit a new all-time high. The stock only needs to go up another 7% for the Jeff Bezos-led company to top a trillion dollar market valuation. <\/p>\n

Amazon<\/span> (AMZN<\/a><\/span>)<\/span> is firing on all cylinders<\/a> this year. Shares of the retail\/cloud\/media\/consumer gadget giant are up nearly 65% in 2018. Health care<\/a> may be the next big market that the company disrupts, following its acquisition of online pharmacy PillPack<\/a>. <\/p>\n

Analysts are predicting that Amazon’s sales will surge 32% to a whopping $265 billion this year — and earnings per share will nearly triple. If there’s an obstacle in the path to a $1 trillion market cap, it’s not clear what that would be. <\/p>\n

But Wall Street analysts aren’t sure whether Amazon could move ahead of Apple. <\/p>\n

According to data from Thomson Reuters, the consensus target price for Amazon’s stock is about $2,100 — up 9.5% from where the stock is now, giving Amazon a $1.02 trillion valuation. <\/p>\n

The target price for Apple is around $216.40. That would value Apple at $1.05 trillion. <\/p>\n

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\"Tim\n<\/div>\n<\/div>\n<\/div>\n

James McQuivey of Forrester Research wrote in a recent report that he thinks Amazon will pass Apple — mainly because consumers like Amazon better. According to a recent survey by Forrester, Amazon was deemed more trustworthy than Apple. <\/p>\n

Apple and Amazon aren’t the only tech behemoths worth around $1 trillion. <\/p>\n

It’s altogether possible that Google owner Alphabet and\/or Microsoft could leap ahead in the market cap race. Alphabet<\/span> (GOOGL<\/a><\/span>)<\/span> is now worth about $875 billion while Microsoft’s<\/span> (MSFT<\/a><\/span>)<\/span> market value is nearly $840 billion. <\/p>\n

CNNMoney (New York) <\/span> First published August 13, 2018: 11:35 AM ET<\/span> <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Apple may soon have some company in the trillion dollar club. Amazon is worth about $940 billion. Shares of Amazon popped 2% Monday to hit a new all-time high. The stock only needs to go up another 7% for the Jeff Bezos-led company to top a trillion dollar market valuation. Amazon (AMZN) is firing on…<\/p>\n","protected":false},"author":10,"featured_media":11447,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-11446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/11446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11446"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/11446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/11447"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}