Retail and tech giant Amazon started as an online bookseller in 1994 and now sits alongside other tech behemoths such as Alphabet, Apple, and Microsoft. As the largest online retailer in the US, it has steadily added divisions and business lines to create a powerhouse that spans multiple industries.
Amazon joined the "$1 trillion market cap club" in early 2020. In Q2 2021, it reported its third consecutive quarter with more than $100 billion in revenues, despite missing analysts' estimates. It has a first-mover advantage in several of its business divisions, most notably as a commerce platform, a marketing powerhouse, and a loyalty program that most retailers try to emulate.
The global pandemic accelerated several digital trends in which Amazon excels: ecommerce, delivery services, cloud computing, digital payments, home security, streaming entertainment, and online advertising. It has even begun to...
 | Report Preview  * This chart and data were pulled from The Power of Amazon by Insider Intelligence. Purchase the report below for $995 for immediate access. | | | Retail and tech giant Amazon started as an online bookseller in 1994 and now sits alongside other tech behemoths such as Alphabet, Apple, and Microsoft. As the largest online retailer in the US, it has steadily added divisions and business lines to create a powerhouse that spans multiple industries.
Amazon joined the "$1 trillion market cap club" in early 2020. In Q2 2021, it reported its third consecutive quarter with more than $100 billion in revenues, despite missing analysts' estimates. It has a first-mover advantage in several of its business divisions, most notably as a commerce platform, a marketing powerhouse, and a loyalty program that most retailers try to emulate.
The global pandemic accelerated several digital trends in which Amazon excels: ecommerce, delivery services, cloud computing, digital payments, home security, streaming entertainment, and online advertising. It has even begun to... | | | Other Related Reports |  In 2020, the coronavirus pandemic accelerated ecommerce sales growth significantly. Growth won't be as high in 2021, but... ACCESS FULL REPORT |  There's no question that social commerce is growing fast in the US. But sales are still... ACCESS FULL REPORT | | |  To learn more about Insider Intelligence and our Financial Services coverage, click below and fill out the form, and a member of our team will be in touch with you. | | | | |
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