Amazon is one of the most well-known companies in the world. It has made its mark in retail in a big way. It has opened up a world of opportunities for sellers, enabling them to reach new customers. If you’re selling anything on Amazon, chances are you’ve heard of the platform. So, what is going on with Amazon? Is it a good investment or should you avoid it? Keep reading to find out more.
What is Amazon?
Amazon is an e-commerce website and marketplace that lets people buy products from third-party sellers at competitive prices. It is the largest online purchasing platform in the world, holding 44% of all online shopping dollars in 2016. Amazon is also one of the most-visited websites on the Internet, ranking in the top 100 most visited sites globally as of December 2018. Amazon is based in Seattle and was founded in 1994 by Jeff Bezos with the intention of providing an alternative to shopping at brick-and-mortar stores. The company’s initial product was the bookstore, but it quickly diversified into other product categories like electronics, clothing, and home goods.
How to Use Amazon
Amazon Prime is an online membership program that provides members with access to a broad range of benefits. These include unlimited two-day shipping on items purchased from Amazon, access to streaming movies and TV shows, and e-book lending. A Prime membership costs $119 a year. Amazon Fresh is an in-home grocery ordering service that lets you shop from local grocery stores and have your orders delivered to your house.
Why Is Amazon Important?
The Amazon story is one of disruption. Founded as an online bookstore, it quickly transformed into an online retail behemoth that has redefined the way people shop. Millions of people shop online on Amazon every day, making it one of the most important companies in the world today. Amazon has become critical for e-commerce growth. It has increasingly become the default option for first-time e-commerce users. A 2021 report from Forrester found that 68% of new e-commerce users go straight to Amazon when they first access the site, the report also shows some key points of why Amazon is among the best stocks to buy now.
Amazon Growth and Trends
Amazon’s value in 2018 was $916 billion. This makes it the fifth most valuable company in the world. It is expected to reach a value of $1 trillion by 2021. Amazon was founded in 1994, but it wasn’t until 2007 that it became profitable. In 2012, it became the first company to reach $100 billion in annual revenue. Cheaper international shipping costs and an improved Alexa AI assistant have helped Amazon’s growth. In addition, there have been some other growth catalysts, including Amazon Prime and Amazon Fresh services.
AMZN Stock Forecast and Price Predictions
Amazon’s shares have been rising over the past year. As of January 2019, they are trading at $2,721. This is a 1,724% increase from the original IPO price of $1.36. The stock’s price has risen continuously since it first traded on June 18, 1997, when it was priced at $19.18. This makes it the most consistently valuable stock in the world. Amazon’s long-term growth forecast is impressive. Analysts expect annual revenue to soar to $3.3 trillion by 2025. The company’s valuation will then be an astonishing $1 trillion. Amazon is widely regarded as one of the most valuable stocks in the world.
Bottom Line
Amazon is one of the most valuable companies in the world. It has revolutionized the way people shop, and it’s expected to keep growing for many years to come. It may not be a good investment now, but it will be a valuable asset in the future.
