Think Amazon Is Done Growing? 3 Reasons It Could Reach $1 Trillion in Revenue.
Amazon (NASDAQ: AMZN) isn't the world's biggest company by revenue. That title belongs to Walmart, but Amazon could easily pass its brick-and-mortar rival in revenue in just a couple of years.
The tech giant finished 2023 with $575 billion in revenue and 12% growth. At that rate, Amazon will top $1 trillion in revenue in just five years, by 2028, which would make it the first company ever to do so.
The company isn't talking about that milestone yet, but CEO Andrew Jassy laid out a course for it last week in his annual shareholder letter. According to Jassy, Amazon still has a tremendous growth opportunity in front of it as its two major businesses -- e-commerce and cloud computing -- represent a minority of revenue in their respective industries, retail and it infrastructure.
Source Fool.com
