This is the highest milestone from Amazon’s share and now there share’s price is reached the value of $246.87 per share that is really good and positive news for Amazon.
Actually this milestone is achieved by them on Friday and now the company trading at a valuation of $111 billion. I would say it was the easy journey for Amazon to increase its shares price in these days because there is no other rival company who could put some effort to make Amazon fall.
Due to lack of competition, Amazon makes the people more trusted about their service unlike Samsung and Apple’s legal battle.
There is a report coming from the company, that it will going to launch the Kindle Fire 2 on September 6 in an event on LA. In addition, Amazon announced it on Friday that it has expanded its licensing agreement with NBCUniversal, bringing shows like Parks and Recreation, Battlestar Galactica, Parenthood, Friday Night Lights and Heroes to its online streaming video service.