Despite the predictions of many analysts who predicted Amazon to become the first company in US history to reach $ 1 trillion, Apple is ahead of the online retailer. Now Amazon has raised the bar to $ 2.5 trillion by 2024.
According to the forecasts of MKM Partners, Amazon could reach $ 2.5 trillion dollars over the next five years, with only a fraction of Internet services will account for 1 trillion dollars.
“We still believe the stock is AMZN – the best long-term investment with excellent growth available for investors,” wrote the report Rob Sanderson from MKM Partners.
Sanderson suggested that by 2024, Amazon will control 14.5 percent of the U.S. retail market.
Apple vs Amazon: battle of the titans
The analyst did not give forecasts concerning Apple and did not compare the possible results of the capitalization of the largest Internet retailer with the Corporation from Cupertino.
This year, Amazon was a little ahead of Apple in General growth stocks. The company founded by Steve jobs, in the beginning of the year was trading at the level of 172,26 dollar apiece and now each is estimated at 215,49 dollars, which corresponds to approximately 25% growth. Amazon started the year with a mark of 1 189,01 $ 1 and now the stock is trading at 1 902,90 dollars. The growth was approximately 38%.
A lot can change in the technological world, but if on stock exchanges the shares and will continue, the Amazon will soon surpass the Apple.
In spite of higher price of Amazon’s stock, Apple earned more in three months of this year than Amazon throughout its existence.