Amazon Joins $1 Trillion Club, on Pace to Overtake Apple

Amazon Joins $1 Trillion Club, on Pace to Overtake Apple
The Amazon.com logo and stock price information is seen on screens at the Nasdaq Market Site in New York, on Sept. 4, 2018. Mike Segar/Reuters
|Updated:

Amazon.com on September 4 joined Apple in the $1 trillion clubs, becoming the second member of the group after its stock price doubled in 15 months.

If the online retailer’s share price continues at its recent pace, it will be a matter of when not if, Amazon’s market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on August 2.