Bringing our focus down to Apple & Amazon, coz very recently, on the 5th of September 2018, Amazon joined Apple to achieve the $1 trillion market value, for a brief period of time. Woah, did you know that a trillion has like 12 zeroes?!! Yess, so this was definitely a big feat for Amazon!!
Amazon has now become the second company to reach the $1 trillion mark publicly. As the tech giant diversifies into various new fields, and gets an even stronger presence than it already has in the market, many analysts predict that Amazon is right on track to earn record high profits.
So talking about how far Amazon has come today, it originally began in 1994, as a small online book store, run out of Jeff Bezos’ garage, who quit his job on Wall Street, when he noticed the Internet revolution taking place, and decided to give it a shot. In fact, the first initial start-up capital for Amazon.com, came from Bezos’ parents, who put in a considerable amount of their life savings into Amazon. Thereafter, he started raising additional capital from other sources as well. From there, he expanded the business from books to music and movies, then added toys and electronics. What started as a small online book store (coz Bezos thought that books had lower cost and universal demand), eventually rose to becoming one of the largest online retailers across the world.
This year, Bezos ranked number one, as the world’s wealthiest person, who is running a diversified global enterprise. Amazon has more than $200 billion in annual sales and more than 575,000 employees today. Bezos’ persistence has truly borne fruit :)
Written By:
Ana S Thomas
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