Now Amazon has become the number one company in the world on Wall Street. Amazon has set its place on the first place, leaving Bill Gates Company Microsoft behind. Amazon’s shares of Amazon, the world’s largest e-commerce company, rose 3.6 percent on Monday, after which the company’s total market capitalization has crossed $ 797 billion.
According to the Wall Street Journal, Amazon’s shares in the beginning were rapidly falling in the last quarter. At one time Amazon’s shares fell 25 percent, but in a few days the company’s shares began to grow. In September itself Amazon crossed the 1 trillion dollar capitalization. In the first week of the New Year, Microsoft became the world’s most valued company with $ 785 billion, which has now crossed $ 797 billion.
The advances in Microsoft and Amazon have rivaled so much that they have left behind Apple Inc. Apple Inc. was constantly on the first rung for several years. As of now, Apple’s total market capitalization is $ 702 billion. According to experts, Apple is the biggest blow to the Chinese market. The impact of the constantly decreasing demand of iPhone in China has started appearing on the company.
