Amazon.com joins Microsoft as a $100 billion company |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- Amazon falls on world's most valuable brand list; Microsoft at No. 5
- Amazon announces deal with Paramount Pictures
- Group plans protest at Amazon shareholder meeting
- Seattle webcomic The Oatmeal generates Tesla-Edison controversy
- Amazon shareholders met by protesters, company cuts ties with ALEC
- Microsoft Windows Phone tops Apple's iPhone in China
Mass High Tech
- Microsoft Build: Windows 8 preview a hit, but are investors unhappy?
- Build an app in a day at Mobile App Hackathon
- Beefed-up Skype for Windows; Indie author joins Amazon's 'Kindle Million Club'
- Only solution to Xbox 360 update error is new console
- Ballmer: Windows Phone update 'Mango' has over 500 new features
Kindle News
- Seattle is nation's 13th most 'well-read' city, says Amazon
- Target confirms it will stop selling Kindle, other Amazon products
- U.S. sues Apple, book publishers for fixing e-book prices
- Publishing on the iPad: Displays, processors and licensing, oh my!
- Amazon's Kindle Fire eats into Apple's iPad tablet lead
Amazon.com joins Microsoft as a $100 billion company
Yahoo Finance chart
Amazon.com has joined Microsoft as the only two Washington state companies worth $100 billion or more, in terms of market value.
The Seattle P-I.com reports that after trading closed on Thursday, the Seattle online retailer's market value reached $102.94 billion. Microsoft's market value is currently about $226 billion. No other state company appears likely to join the exclusive club soon. Next highest is Costco Wholesale Corp., with a market value of around $36 billion.
Sales at Amazon.com grew 51 percent in the second quarter of 2011, and at the same amount in North America and internationally. It was the e-commerce giant’s strongest quarterly growth in a decade.
But despite the rapid growth and expansion from an online retailer to book publisher, Kindle seller and cloud computing services provider, Amazon has a ways to go to catch up with the world’s largest tech company, Apple.
Last month, Apple stock was trading at $367 per share, giving the company a valuation of more than $341 billion. Apple topped Exxon Mobil as the world’s most valuable company.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
TechFlash Team
TechFlash In Person
TechFlash Archive
- May 2012 (108)
- March 2012 (139)
- January 2012 (196)
- November 2011 (258)
- September 2011 (286)
- July 2011 (201)
- May 2011 (194)
- March 2011 (208)
- January 2011 (158)
- November 2010 (231)
- April 2012 (126)
- February 2012 (131)
- December 2011 (203)
- October 2011 (256)
- August 2011 (257)
- June 2011 (191)
- April 2011 (195)
- February 2011 (153)
- December 2010 (142)
- October 2010 (248)
