At the end of Tuesday’s trading, the price of the company’s shares dropped 5.52 percent to $96.79. Thus, the company’s capitalization, including the number of shares outstanding, was $987.4 billion. The year before last, Amazon had a value of less than $1 trillion.
Such factors influenced the company’s report for the most recent quarter. Amazon’s net income specifically decreased by 9% to $2.872 billion. Additionally, the company mentions the potential negative impact of currency rate discrepancies even though it anticipates revenue growth for the current quarter and in yearly terms.
Currently, Apple ($2.4 trillion), Saudi Aramco ($2 trillion), Alphabet ($1.2 trillion), and Microsoft ($1.7 trillion) are among the companies with market capitalizations above $1 trillion.
source: cnbc.com
