An international technology company called Amazon.com, Inc. offers online retail shopping services. North America, International, and Amazon Web Services (AWS) are the three operating segments. The retail sales of consumer goods, including those from sellers and subscriptions through North American-focused online and physical stores, are handled by the North America segment.
Online store export sales are also included. The revenue from retail consumer product sales, including those made by sellers and subscriptions through websites with an international focus, is the main focus of the international segment. The global sales of compute, storage, database, and other services for start-ups, businesses, governmental organizations, and academic institutions make up the AWS segment. The business is headquartered in Seattle, Washington, and was started by Jeffrey P. Bezos in July 1994.
It started out as an online book marketplace but has since expanded into many different product categories, earning the nickname “The Everything Store.” Amazon Web Services (cloud computing), Zoox
The company also has subsidiaries for Ring, Twitch, IMDb, and Whole Foods. With the $13.4 billion purchase of Whole Foods in August 2017, it significantly expanded its physical retail footprint.
An international technology company called Amazon.com, Inc. offers online retail shopping services. North America, International, and Amazon Web Services (AWS) are the three operating segments. The retail sales of consumer goods, including those from sellers and subscriptions through North American-focused online and physical stores, are handled by the North America segment.
Online store export sales are also included. The revenue from retail consumer product sales, including those made by sellers and subscriptions through websites with an international focus, is the main focus of the international segment. The global sales of compute, storage, database, and other services for start-ups, businesses, governmental organizations, and academic institutions make up the AWS segment. The business, which has its headquarters in Seattle and was established by Jeffrey P.
With its “aggressive” reinvestment of profits into capital expenditures and technological innovation, Amazon has established a reputation for upending well-established industries. By revenue and market share, it will be the largest online retailer and marketplace, supplier of smart speakers, cloud computing service through AWS, provider of live-streaming service through Twitch, and Internet company in the world by 2023.
With more than 200 million subscribers worldwide to its paid subscription plan, Amazon Prime, it surpassed Walmart in 2021 to become the largest retailer in the world outside of China. It is the country’s second-largest private employer.
It produces movies and television shows through Amazon Studios, and since March 2022, it has owned the film and television studio Metro-Goldwyn-Mayer.
Conclusion
Amazon is a revolutionary e-marketplace that is both world-renowned and extremely efficient.Amazon has gone from a small company run out of a garage, to a Fortune 100 company run allover the world. Amazon fulfills their mission statement every day by being a customer-centriccompany that offers over 200 million products at the lowest prices possible.