The capitalization of Amazon has reached a mark of 1 trillion dollars for the first time

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The capitalization of Amazon.com on Tuesday briefly reached $1 trillion, Reuters reports. For the year, company's shares rose more than 2 times - by 74.5%. On Tuesday, the Amazon stock price reached 2 thousand 50.5 dollars, but at the closing, it amounted to 2 thousand 39 dollars 51 cents. The agency writes that at such rates of growth of shares, the market value of Amazon will exceed Apple, which capitalization on August 2 was more than $1 trillion. It is noted that it took 38 years for Apple to reach 1 trillion dollars, whereas Amazon - only 21 years. According to analysts, Amazon's profit growth in 2018 will be 32%, Apple - 14.9%.

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