Is there a new king of retail? Amazon for the first time set to pass Walmart as the worlds biggest retailer by revenue.
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00:00Is there a new king of retail?
00:02Amazon, for the first time, set to pass Walmart as the world's biggest retailer by revenue.
00:08Analysts expect Amazon to report quarterly revenue of $187 billion,
00:14surpassing the expectation of $180 billion for Walmart.
00:18That's the first time in 12 years Walmart would not be the biggest retailer on the planet,
00:23though, for now, they still hold the title when it comes to annual revenue.
00:28Amazon, Walmart, Apple, and UnitedHealth are the only companies ever
00:32to record more than $100 billion in quarterly revenue.
00:36Apple, though, remains the world's most valuable company,
00:39worth nearly $3.5 trillion, followed by Microsoft and Nvidia.