Amazon is 20 Years Old
Last month Amazon turned twenty. Amazon has had a dramatic first twenty years as a company. Its hard to imagine how in any area apart from in internet services any company could achieve such a level of growth and turnover in so short a time. And its STILL growing fast. The fourth quarter in 2013 saw 22% growth in revenue over 2012. In one year.
In 2013 the company made $75 Billion. Big, but still quite far from super-giants likes Walmart which in some sense are competitors as bricks-and-mortar outlets. Walmarts turnover approaches half a trillion dollars every year.
Online retail is estimated to make up only around 5% of the total in the US, which for online retailers is surely great news as the room for growth is still massive even in 2014.
Amazon makes up about a fifth of all online electrical sales and even though its total share of online retail has slipped over the years, it is still bigger than the next 12 online retailers *put together* and this includes Walmart online. If online retail ever matches the physical outlet for revenues
Amazon is poised to become a genuine rival to Walmart.
Amazon is actively engaged in innovating new products and services which it has been reported have reduced its profits in the last year, causing its shares to recently tumble. However it is surely poised to continue its long term trajectory.