Amazon

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Amazon

The Amazon Corporation is an American multinational technology company based in Seattle, Washington, focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. “It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. Amazon is known for its disruptiveness and its expansive ecosystem of products and services. The company also produces consumer electronics—notably the Amazon Kindle e-reader and the Kindle Fire tablet—and is a significant provider of cloud computing services.” (WIKI) Amazon also sells certain low-end products under its in-house brand Amazon Basics. The Amazon Corporation is a global technology leader specializing in ecommerce, cloud computing, and artificial intelligence. With a market capitalization of over $1 trillion, Amazon is one of the most valuable companies in the world. Amazon was founded in 1994 by Jeff Bezos and has since grown to become an ecommerce powerhouse, with over 12,000 employees in 70 countries. The company offers various products and services, including consumer electronics, books, music, movies, television shows, home goods, and more. In addition to its online retail business, Amazon provides cloud computing services, digital streaming services, and artificial intelligence capabilities. The company started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. The company also owns a publishing arm, Amazon Publishing, a film and TV plant, Amazon Studios, produces consumer electronics lines, including Kindle-readers, Fire tablets, Fire TV, and Echo bias, and is the world’s largest provider of cloud structure services through its Amazon Web Service attachment. According to an ARTICLE by Adeel Qayum, Amazon’s biggest retail competitors are Alibaba, eBay, Walmart, JD, Flipkart, and Rakuten. For the online streaming services audience, “Amazon competes with Netflix, Hulu, Apple TV, and Disney+. Amazon’s main competitors in the cloud computing industry are Alibaba Cloud and Microsoft Azure”. 

According to a Media Telecom writer, S&P Global Ratings said Aug. 11 that it affirmed its AA- long-term corporate credit rating on Amazon.com Inc. as the e-commerce giant prepared to issue debt to fund its $13.7 billion (about $42 per person in the US) purchase of Whole Foods Market Inc. Despite the large amount of debt Amazon is taking on, analysts at S&P wrote in a note that they believe Amazon “will take a measured approach of incorporating the [Whole Foods] business into its evolving grocery strategy while working to ensure that [Whole Foods] remains competitive with its customer base.” Moody’s also changed its ratings outlook for the company to positive from stable, which the rating agency said, “reflects the strength of Amazon’s business model and the overall operating performance of the company.” It expects Amazon’s integration of Whole Foods to go smoothly and offer opportunities for leveraging, according to an Aug. 14 note. The rating agency also assigned an AA- rating to Amazon’s proposed offering of unsecured senior notes. (Alex Bitter). Amazon has separate retail websites for some countries and offers international shipping of some of its products to certain other countries. It was reported that the company had a revenue of $385 billion, of which $236 billion was generated by its North American operations. The company has a market capitalization of $928.0 billion as of March 2019, making it the second-most valuable public company in the world after Apple Inc. 

Statistics have shown that “Amazon is the third largest public company by revenue in the world, behind Walmart and China’s State Grid. It saw a 37.6% increase in revenue in 2020, its largest percentage gain since 2011, partly due to the coronavirus pandemic. Amazon was considered a low-profit venture for the first decade and a half of its existence, with CEO Jeff Bezos reinvesting most of Amazon’s profits back into the company. This is no longer the case, with highly profitable segments like AWS pushing the company’s total profit above $10 billion in 2018 and $20 billion in 2020. Amazon’s valuation has skyrocketed in the past five years, from $172 billion in 2015 to $1.6 trillion in 2022. Amazon was one of the big winners of the coronavirus pandemic, in terms of stock price, with a 67% increase in valuation from March 2020 to March 2021. Prime Music reached 68 million users in 2021, making it the third most popular music streaming platform in the West. It does not disclose how many users pay for the service, as Prime Music is available for free with ads. The bulk of Amazon’s subscription revenue comes from Prime, through which it also offers video and music streaming, free books and magazines, photo storage and other perks. Over 200 million customers subscribe to Amazon Prime worldwide, with 147 million in the US alone in 2021. Amazon has built a rather respectable advertising platform, which it runs on its store. In 2021, it made more revenue than PayPal or eBay. Year, Revenue ($bn) 2020, $15.5 2021, $31.1.”. Amazon.com Inc (AMZN.O) In May 2021 snapped up MGM, the fabled U.S. movie studio behind the James Bond franchise, for $8.45 billion, in what will be its second-biggest acquisition ever as the e-commerce giant moves deeper into several sectors. 

Furthermore, Amazon has a solid commitment to customer satisfaction and is constantly innovating to improve the customer experience. The company has a history of disrupting traditional businesses, and its Amazon Prime service has become a staple for many consumers. Amazon is also a significant provider of jobs, with over 250,000 employees in the United States alone. “The company has been criticized for its treatment of workers, but it has also been praised for its innovative culture and customer-centric approach.” Amazon has been attacked for the impact it has had on the environment. It has been said that the firm is responsible for contributing to climate change and is not making sufficient efforts to lessen its carbon footprint. Workplace issues are being factored into Amazon’s ESG ratings, but they don’t tip the scales as much as other factors when compared with other large retailers. ESG analysis firm JUST Capital, which rates companies on how “justly” they treat their employees and on workplace safety, gives Amazon and Walmart similar scores. And on another key labor factor, Amazon ranks No. 1: local job creation.  

Amazon’s business strategy is built on three primary tenets: “a concern with the client, a focus on the long term, and a propensity for taking immediate action.” Because Amazon is so focused on satisfying its customers, the business makes a point to always look for ways to improve the quality of service it offers. Because of its focus on the long run, it never stops thinking about the future and making investments in cutting-edge technologies. And since it has such a strong preference for action, it is constantly moving forward and taking chances. 

 “We refuse to compromise on our vision. Jeff Bezos wrote a letter to shareholders in which he stated, “We are flexible on the facts.” Even though the world around us is in a state of perpetual flux, we continue to hold ourselves to a very high standard. 

Work Cited:

https://www.amazon.com/ 

https://www.reuters.com/technology/amazons-major-acquisitions-over-years-2021-05-26/ 

https://www.spglobal.com/marketintelligence/en/news-insights/trending/OLymC8lAnmMGbMwwOxsLMA2 

https://www.forbes.com/companies/amazon/ 

https://www.cnbc.com/2019/07/17/what-is-amazon-antitrust-regulations.html 

https://www.businessofapps.com/data/amazon-statistics/ 

https://www.business insider.com/amazon-executive-management-team-members-2018-6#andrew-jassy-1 https://www.wsj.com/articles/amazon-is-testing-a-new-way-to-ship-your-packages-11555467602 

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