Amazon.com, Inc. (AMZN) is an American multinational technology company based in Seattle, Washington that focuses on e-commerce, cloud computing, and artificial intelligence. It is one of the world's largest online retailers and a prominent provider of cloud computing services.
The company was founded by Jeff Bezos in 1994, originally as an online bookstore. It quickly expanded to offer a wide variety of products and services, including electronics, clothing, home goods, and more. Amazon has also developed its own line of consumer electronics, including the Kindle e-reader and the Echo smart speaker.
In recent years, Amazon has expanded its offerings to include a range of digital content, including streaming video and music, as well as a variety of subscription-based services, such as Amazon Prime and Amazon Music Unlimited. The company has also entered the grocery market with the acquisition of Whole Foods Market in 2017 and has continued to expand its physical retail presence through the opening of Amazon Go convenience stores and the acquisition of other brick-and-mortar retailers.
In terms of its latest market offerings, Amazon continues to focus on e-commerce and digital content, but it has also made significant investments in new technologies such as cloud computing, artificial intelligence, and healthcare. The company's cloud computing division, Amazon Web Services (AWS), is a major player in the industry and offers a range of services, including storage, analytics, and machine learning. Amazon has also developed a range of artificial intelligence-powered products and services, including the Alexa virtual assistant and the Amazon Go cashierless convenience stores.
In terms of its financial performance, Amazon has consistently reported strong quarterly results. In the most recent quarter (Q3 2021), the company reported revenues of $96.1 billion, an increase of 37% compared to the same period the previous year. The company's net income for the quarter was $6.3 billion, an increase of 169% compared to the same period the previous year. Amazon's strong financial performance has been fueled by the continued growth of its e-commerce and cloud computing businesses, as well as the success of its newer ventures, such as its AI-powered products and services.
Amazon.com Inc, one of the hottest companies on the stock market, located at 410 terry avenue north, seattle, wa, us specializes in the retail-catalog & mail-order houses industry. It is currently listed on the exchange NASDAQ in the country USA.
The company's last annual earnings report on 2022-09-30 showed that it had reached a market cap of 943,249,228,000 dollars.
If someone had invested $100 in Amazon.com Inc 10 years ago, their investment would be worth roughly $869.76 today, according to If You Had Invested
If you had invested...
The stock price is a reflection of the company's performance and for AMZN, its stock has been doing great. If you had invested $1,000 in Amazon.com Inc 1 year ago and held onto your investment until today , here's what would have happened:
Your investment would now be worth roughly $1892.7 today.
If you are looking for a company with a good dividend yield then avoid Amazon.com Inc because it does not pay a dividend.
In terms of growth Amazon.com Inc has had a turn for the worst with a Quarterly Earnings growth rate of -0.097. At the same time revenue growth has been to the moon with a rate of 0.147.
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