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Amazon acendant

It’s easy to forget how dominant Amazon has become in our lives. An article from the Economist a few weeks ago (I’m behind!) is a good reminder. Some tidbits:

  • It is now the world’s fifth largest company by value (currently at ~$400B), with sales at about $140B
  • It accounts for 5% of retail spending in the US (roughly half of Walmart)
  • Alexa already has has ~10,000 skills (sort of akin to apps), despite the recency of its launch
  • Amazon spends twice as much much on movies / TV than HBO
  • The number of Amazon prime customers is now ~72M, up 32% from 2015.

amazon on fire

Only 10 firms with sales of more $50B have managed to grow by 15% for over 10 years since 1950; no company over $100B has pulled that off. Can Amazon be the one? I wouldn’t rule it out.

Nice read.

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Categories: future, trends
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