Amazon, Not Apple, to Become First Trillion Dollar Company: NYU's Galloway

Amazon has "replaced profits with vision and growth," according to NYU Stern Professor Scott Galloway and is set to become the world's first trillion dollar company.

Author:: Scott Gamm
Publish date:: Oct 8, 2017 5:40 PM EDT

Amazon (AMZN) - Get Report , not Apple (AAPL) - Get Report , will become the world's first trillion dollar company, according to Scott Galloway, author of The Four, a book about Amazon, Apple, Alphabet (GOOGL) - Get Report and Facebook (FB) - Get Report and a professor at NYU's Stern School of Business.

"The stock will be anti-gravity," Galloway said in an interview with TheStreet. "If you look at where Amazon is budding heads against the other three (Apple, Facebook and Google), it's winning everywhere it touches them."

Amazon's market cap is $460 billion, compared to Apple's $795 billion.

"Amazon has replaced profits with vision and growth," he said. "As a result, they arguably have access to the cheapest capital in the history of modern business."

Following its acquisition this year of Whole Foods, which Galloway calls the greatest corporate acquisition of the last 20 years in retail, Galloway thinks Amazon acquires Nordstrom (JWN) - Get Report next and potentially some broadcast networks such as AMC Networks (AMCX) - Get Report .

He said the cable channels' ad supported business model doesn't make sense and that Amazon can monetize these platforms via its access to 60% of U.S. households via Amazon Prime.

More From TheStreet: