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Amazon Inc. – Overview
Founded by Jeffrey Preston Bezos on July 5 1994, Amazon Inc. is the largest Internet retailer, and the second most valuable company in the world, after Apple. Headquartered in Seattle, Washington, it houses over 45.000 employees, being the second largest employer in the United States1.
From a platform that operated as an online bookstore, Amazon developed into an e-commerce giant which now provides audiobook/MP3/video download and streaming, video games, software, furniture, electronics, jewelry, food, toys; and it also produces consumer electronics, such as the Echo smart speakers, Fire tablets, Fire TV, and Kindle e-readers. In addition, the company is the world’s largest provider of cloud infrastructure services through its Amazon Web Services subsidiary (IaaS and PaaS).
What services and products does Amazon Inc. provide?
Amazon Inc. provides online retail shopping services through the following three segments: North America (retail sales of consumer products/subscriptions via the North America-focused websites www.amazon.com and www.amazon.ca), International (retail sales of consumer products/subscriptions via internationally-focused websites, such as amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl), and Amazon Web Services (global sales of compute, storage, database; as well as AWS service offerings for start-ups, enterprises, government agencies, and academic institutions).
Apart from the numerous product categories available on its platform, the company has a list of products and services of its own, including Amazon Prime, Alexa, and Kindle. Furthermore, Amazon owns over 40 subsidiaries, including Twitch, Audible and Zappos.
On November 2, 2015, Amazon opened its first brick-and-mortar store located at the University shopping center in Seattle, Washington2. Although the physical products weren’t on display and couldn’t be purchased, customers had the option to order any product on Amazon and pick it up from the spot. Eventually, in the following stores, books (and other non-electronic products) were on display and available to purchase via credit card or the Amazon App, prices varying for Amazon Prime members and non-members.
Having a lot of data on what customers like to read, they organized books into new kinds of categories, such as page turners – books that Kindle-readers finish in maximum three days. The second brick-and-mortar Amazon store was opened in San Diego, followed by Washington, Chicago, New York, Atlanta and other locations. As of 2018, Amazon has a total of 15 physical stores opened in the United States.
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Amazon (AMZN) is listed on the NASDAQ stock exchange and it is also a component of the prestigious NASDAQ – 100, S&P 100, and S&P 500 stock market indexes. A top stock needs a top online CFDs broker; therefore, you can trade the Amazon Inc. stock price or buy Amazon shares with TradeFW!
- Michael B. Sauter and Grant Suneson, “Who is the largest employer in your state? Walmart top in nation with Amazon second”, Mar, 2019, usatoday.com, https://www.usatoday.com/story/money/business/2019/03/30/largest-employer-each-state-walmart-top-us-amazon-second/39236965/
- Chris McGreal, “Amazon boldly goes where no internet bookseller has gone before: the real world”, Nov, 2015, theguardian.com, https://www.theguardian.com/technology/2015/nov/05/amazon-book-store-seattle