How Big Is Amazon?

Summary

Amazon's vast empire is constantly expanding, from revolutionizing e-commerce to reshaping industries like healthcare and logistics. With an estimated value of $1.4 trillion and $386 billion in annual revenue, Amazon has become a global force, dominating the retail and tech spaces. Its subsidiaries, like AWS, power much of the internet, while innovations like cashierless stores and an expanding air fleet redefine delivery. Amazon is also diving into healthcare, media, and self-driving technology, solidifying its influence across diverse sectors. Is Amazon too big? Explore the company's influence and future trajectory in this eye-opening overview.

Takeaways

• 😀 Amazon is an e-commerce powerhouse, with a massive influence on traditional businesses and retailers.
• 😀 Amazon Web Services (AWS) is the most profitable division of Amazon, generating 60% of its profits, and provides essential server infrastructure for major organizations.
• 🌐 AWS supports groundbreaking projects, such as Moderna's rapid COVID-19 vaccine development.
• 📦 Amazon operates over 175 massive fulfillment centers worldwide, which are key to its swift delivery services.
• 🛒 Amazon is expanding into physical retail with cashierless stores like Amazon Go and Amazon Fresh, competing with other grocery chains.
• ✈️ Amazon's delivery infrastructure includes an expanding fleet of 86 planes by next year and even a dedicated air hub in Kentucky.
• 🚢 Amazon has entered the sea container market, allowing for cargo shipments between China and the U.S., enhancing its transportation capabilities.
• 📱 Amazon's smart home tech, including Alexa and Ring, is integrated into daily life, offering services like home monitoring and remote assistance.
• 🎮 Amazon owns Twitch, a popular gaming streaming platform, and provides gaming services through Prime Gaming and the Amazon Digital Games Store.
• 💊 Amazon is venturing into healthcare through acquisitions like Pill Pack and Amazon Care, aiming to streamline prescription services and offer virtual healthcare.
• 🍷 Amazon is experimenting with alcohol delivery, testing a two-hour liquor delivery service in San Francisco.

Q & A

How much revenue did Amazon report last year?

Amazon reported revenues of over $386 billion last year.

What is the total value of Amazon, and how does it compare to other US retailers?

Amazon is valued at $1.4 trillion, which is larger than the next nine biggest US retailers combined.

How much does Amazon make in sales every second?

Amazon trades roughly $11,000 worth of goods every single second.

How many packages did Amazon deliver last year?

Amazon delivered three-and-a-half billion packages last year, which equates to one package for every two human beings on Earth.

What is Amazon Web Services (AWS), and how much profit does it generate?

Amazon Web Services (AWS) provides cheap, reliable server infrastructure for major organizations. It is the most lucrative division of Amazon, generating 60% of all Amazon profits, equating to about $50 billion a year.

How has AWS contributed to the development of the Moderna COVID-19 vaccine?

AWS provided the essential computational power that helped Moderna develop its COVID-19 vaccine in a remarkably short time.

What is Amazon Go, and how does it work?

Amazon Go is a network of cashier-less convenience stores where customers scan their phones on entry. Cameras and weight-sensitive shelves track purchases, and customers are billed automatically through their Amazon account.

What is Amazon's approach to transportation and delivery?

Amazon is vertically integrating its transportation network, including owning aircraft like Boeing 767s for delivery, and even operating its own sea freight services. The company also plans to develop self-driving taxis through its acquisition of Zoox.

What is Amazon's involvement in the healthcare industry?

Amazon acquired Pill Pack in 2018 to operate pharmacies and deliver medications more efficiently. The company is also expanding its healthcare services through Amazon Care, offering access to various healthcare professionals.

How has Amazon expanded its presence in the home and personal devices market?

Amazon has produced a range of smart devices, including the Echo smart speaker, Fire TV, Kindle e-readers, and even the Fire phone. These devices integrate with Amazon's services and help make Amazon a part of users' everyday lives.