Amazon follows Apple to the $1 trillion mark – The Wall Street Journal
DUBLIN — Amazon has followed Apple to the $1 trillion mark – its market cap hit $1 trillion on Tuesday. Amazon is a very different company from Apple. While Apple is a mature business with a stable suite of popular products and a few growth segments, Amazon is primarily a growth machine, venturing into new areas regularly. Apple pays dividends, Amazon doesn't. Apple is a cash machine with huge, fat, juicy margins. Amazon is a split-personality stock, with a high-margin web services business melded to a low-margin/loss-making retail business. Both companies get lumped into the "tech" category, but the drivers of their respective success are very different. Yet both are now worth an unimaginable $1 trillion. And according to some, Amazon won't be in second place for long. – Felicity Duncan
By Laura Stevens and Amrith Ramkumar
(The Wall Street Journal) Amazon.com Inc. followed Apple Inc. to become the second U.S. company to reach $1 trillion in market value, reflecting the online retailer's striking transformation from a profitless bookseller into a disruptive force of commerce.
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