Amazon's $1 Trillion Valuation 'Is Only The Start': Analyst
Amazon became only the second company in history to achieve a $1 trillion (€860 billion) market capitalisation earlier this week, and a leading retail analyst has suggested that this may only be the start of an increasingly fruitful journey for Jeff Bezos' firm.
"To reach a market capitalisation of over $1 trillion is impressive," commented Neil Saunders, managing director of GlobalData Retail. "To do it in a little over 24 years is extraordinary.
"That Amazon has achieved this demonstrates its dramatic advancement in both the retail and technology sectors, as well as the influence it now wields over large parts of the consumer landscape."
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