It's an accomplishment for Chief Executive Officer Jeff Bezos, who is the world's wealthiest person.
The Seattle-based company has secured their customers loyalty through smart devices like Alexa and the Prime membership - a service that offers free next day deliver as well as music and video streaming perks.
Note that Morgan Stanley's theoretical breakdown assumes a stock price of $2,500 (R38,242) - higher than Amazon's current price, and thus a market value of slightly higher at $1.32 trillion.
Amazon's stock value briefly crossed $1 trillion on Tuesday.
Liverpool goalkeeper Alisson exchanged words with teammate after howler
For me, much more interesting is how the reaction was and it was good. "It was exciting until the end but I'm fine with that". "I am angry that I made a mistake that put the team in a hard situation", the Brazil keeper told ESPN Brasil.
Amazon crossed the $2,000 threshold for the first time on August 30 after doubling its price in just 10 months. The company's valuation has been teasing around the $1 trillion for a little while now, though all of that wait finally finished once the share price hit $2050.50.
It's official: Amazon is the second U.S. company to achieve a valuation of more than $1 trillion. It first reached $100 on October 23, 2009. Apple's valuation has risen to $1.1 trillion since it first passed the threshold.
Ben Barringer, an equity research analyst at Quilter Cheviot, said Amazon still has a long to way go, which means it could end up bigger then Apple.
For the fiscal year 2017, Amazon and its 560,000 employees around the world reported total sales of $177.87 billion (R2,7 trillion), netting it an adjusted profit of $6.15 (R93) per share, according to the company's annual report.
Here's the breakdown of how Morgan Stanley - one of the stock's most bullish sell-side shops - sees Amazon's five main units in terms of value.