Technology becomes more widespread as years pass by. It’s crazy to think that just 30 years ago, mobile phones weighed pounds and had to be lugged around in briefcases, people went to department stores for a bulk of their shopping, and were reliant on pay phones – unless you were considered rich.
Today, the largest companies in the world are those that operate through websites, mobile phones, and other technological formats. Apple is currently the most valuable company on planet Earth.
What comes after Apple?
As of today, March 20, 2018, Amazon overtook Alphabet – the parent company of Google – as the second-most valuable company across the globe. Alphabet is currently valued at roughly $762.7 billion, whereas Amazon is worth about 3.5 billion more, at $766.3 billion.
Amazon has comfortably ridden a dramatic increase in stock price in 2018, raising roughly 35 percent from January 1 to March 20, 2018. When year-on-year growth is considered, Amazon’s common stock share price has risen a solid 85 percent.
Microsoft sits behind all three of the aforementioned companies with a valuation of $717.1 billion. How paltry! Pathetic.
Amazon unarguably has a more attractive, popular cloud storage system that does Google. While Google Cloud isn’t inherently bad, or full of flaws, or overly expensive, Amazon’s cloud business is simply better than Google’s.
Google Cloud, the Cloud Platform, and the G Suite line of services are hoped by Alphabet to beat out Amazon’s digital service solutions, though it’s certainly not happening anytime soon.
Amazon has even made a recent push into physical stores. Despite the unmatched convenience and profitability of online retailing, Amazon has likely made a solid, low-risk decision in constructing unmanned Amazon Go stores around the nation. The first installment was crafted in Seattle, Washington, just longer than one month ago.
Arguably, Alphabet’s best chance at competing with Amazon to regain the title of second-most-valuable company in the world is to partner with Walmart, Target, and other stores to sell its Google Assistant – which it’s already done.