Amazon could reach $2.5 trillion by 2024, new report says

By mcpherrin mcpherrin

Following a new report by MKM Partners, it has been reported that US-based e-commerce company, Amazon, could reach $2.5 trillion in stock market value by 2024, according to CNBC.

On Wednesday (22nd August), Rob Sanderson of MKM noted that Amazon Web Services (AWS) could be worth $1 trillion over the next six years, beating the current market cap of the whole company which is valued at $929bn.

Mr Sanderson wrote: “We still think that AMZN is the best long-term growth investment available to investors today.”

Mr Sanderson believes Amazon will achieve a greater chance of maintaining profitability after the company invested substantially on fresh food delivery.

See more:

It was revealed that the firm invested $13.4bn on the purchase of US-based supermarket company, Whole Foods.

The report also saw predictions that AWS will make up 32% of Amazon’s $88bn profit by 2025, while demonstrating a 35% operating margin by 2024.

It is also anticipated that Amazon will hold 14.5% of the US retail market that will see the company pull ahead of Walmart by 2025, according to Mr Sanderson.

The news comes after Apple became the first company to reach a trillion dollars earlier this month.


Featured Articles

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

During this unprecedented era of rapid digital transformation, establishing a well-functioning ecosystem stands to benefit both employees and customers

Mastercard: Supporting clients at a time of rapid evolution

Mastercard has announced a significant expansion of its consulting business with the launch of new practices dedicated to both AI and economics

Why Ceridian has boldly rebranded to Dayforce

Human Capital

McKinsey’s eight lessons in leadership for aspiring CEOs

Leadership & Strategy

KPMG: The biggest challenges facing global CEOs in 2023

Leadership & Strategy