Blog

Amazon’s shares rise above $1000 for the first time showing the power of e-commerce

Amazon’s shares have risen above $1,000 for the first time, marking a new milestone for the company and highlighting how powerful e-commerce businesses can be.

Not only are shares likely to push even higher, but Amazon’s stock is also up almost 40 percent from the previous year.

“The markets Amazon is playing in with global retail and cloud computing are just massive,” said John Blackledge, analyst at Cowen and Company LLC.

“Things continue to go well and investors are looking f

Amazon’s shares have risen above $1,000 for the first time, marking a new milestone for the company and highlighting how powerful e-commerce businesses can be.

or more upside.”

Despite Wal-Mart making headlines for having sales three times larger than Amazon’s in 2017, Amazon’s market value is actually double that of Wal-Mart, standing at an estimated $478 billion. And with retail spending continuing to shift from stores to websites, Wal-Mart having brick and mortar stores may no longer necessarily give it the upper hand.

To encourage customers to make online purchases and to help lock in loyalty, Amazon has introduced its $99-a-year Amazon Prime subscription, which gives customers delivery discounts, music and video streaming and photo storage.

There are an estimated 80 million Prime subscribers in the U.S, which is an increase 38 percent from a year earlier, according to Consumer Intelligence Research Partners.

Amazon’s Chief Executive Officer Jeff Bezos is now the world’s second wealthiest person, behind only Microsoft co-founder, Bill Gates.

“Amazon is worth far more than $1,000 a share,” said Cuban, an Amazon investor. “Consumers always want things at lower prices delivered faster. Amazon uses data better than anyone to achieve those goals for everything it sells. They have a chance to be the most dominant company in the world.”

Give your customers what they need, when they need it, with customized web development and design solutions. Learn more about us.

Leave a Reply

Your email address will not be published. Required fields are marked *

    Get quote Live
    Chat