The price of Amazon Market Capital has been soaring this year, with a big jump in the company’s market cap, according to data from research firm Wedbush Securities.
Amazon MarketCap is currently at $4,928 billion.
Wedbush’s latest analysis of Amazon data found that Amazon’s market capitalisation is up 1.4% from last year.
The analyst firm believes Amazon will surpass the $4 trillion mark this year.
This is the highest market cap Amazon has ever had and the first time the company has surpassed $4 billion.
In other words, this is an impressive feat.
“We think that Amazon is poised to break the $3 trillion mark in market capitalization by 2019, and we believe that the company is poised for more than double that, if not triple that, this year,” Wedbush analyst Michael Ferrett told CNBC.
“Amazon is in a really unique position as a tech company in that it has become the undisputed leader in consumer technology,” he said.
“If Amazon can keep its momentum going, it will surpass Microsoft’s $5 trillion market cap this year and then it will be hard to see how Microsoft can catch up,” he added. “
This has been a big year for Amazon and its CEO Jeff Bezos. “
If Amazon can keep its momentum going, it will surpass Microsoft’s $5 trillion market cap this year and then it will be hard to see how Microsoft can catch up,” he added.
This has been a big year for Amazon and its CEO Jeff Bezos.
His company has already surpassed the $5 billion mark in annual sales, and has recently been in the headlines for its controversial decision to pull out of a partnership with rival Amazon.
The decision came after the company faced backlash from consumers over its alleged manipulation of its search algorithm.
Amazon has also been in hot water recently for its alleged involvement in a patent fraud case, which has resulted in a criminal probe by the Justice Department.
“Our focus has always been to deliver the best products, services and experiences to our customers and the world,” Bezos said at the time.
“This has been an incredible year, and I’m excited about the opportunities ahead for our customers.”
Amazon is also poised to overtake Netflix and Microsoft in the US, and analysts have also forecast that Amazon will beat Apple in the global smartphone market by 2020.
With Amazon now surpassing the $2 trillion mark, it has already overtaken Apple in US smartphone sales, as well as the top two players in the smartphone market, Microsoft and Google.