Amazon saw its quarterly profit soar past $2 billion for the first time earlier this year as the online shopping, cloud computing and advertising businesses all kept growing.
But, is Apple really comparable to Amazon?
Amazon has become the second USA public company to cross the $1 trillion valuation threshold this year.
For graphic on Amazon vs Apple, click https://reut.rs/2PwtdRg Amazon also provides video streaming services and bought upscale supermarket Whole Foods.
Now, Amazon has followed in Apple's footsteps - the online retail giant successfully snagged the trillion-dollar company title for itself today, albeit temporarily. But that strategy has paid off in spades, with the company coming to dominate entire industries and quickly gaining on Apple as the most valuable publicly traded company in the world.
Trump to Bloomberg: Sessions’ job is safe until at least November elections
Asked if he would comply with a subpoena from Mueller, Trump said, "I'll see what happens" and added: "I view it differently". But on Thursday, the president said that Sessions is safe - at least until the election.
Sony launches Xperia XZ3 at IFA with a 6.0-inch OLED display
Corning's Gorilla Glass 5 is also applied on the display of this smartphone, while the device's back side is curved quite a bit. Sony Xperia XZ3 has been officially launched, featuring a 6.1-inch QHD+ OLED display and Qualcomm Snapdragon 845 processor .
Taylor Swift Aretha Franklin Tribute, Moment of Silence, Detroit Concert
Wright Museum of African American History after passing away earlier this month from advanced pancreatic cancer , aged 76. Bush and tops Rolling Stone's list of the 100 greatest singers of all time.
By October 2009 it had risen to $100 and the stock hit $1,000 for the first time on May 30, 2017. In the second quarter, AWS booked $6.1 billion in sales (up 49%), and generated an operating income of $1.64 billion (up 79%). Though it was a briefly-held position, given the erratic nature of the stock market, it was an exciting milestone nonetheless.
Following its new peak, Amazon's stock immediately began to tumble, coming to rest at $2,024.67 around 12:30 p.m. before regaining some value and stabilizing at about $2,040 per share.