They dominate e-commerce and cloud hosting. But have they really had much success elsewhere?
They dominate e-commerce and cloud hosting. But have they really had much success elsewhere?
[1] https://www.bloomberg.com/news/articles/2018-03-13/amazon-tu...
Everyone I know who is a heavy reader of ebooks uses Kindle, and usually also has a Kindle e-reader (with the E-Ink screen). From my own experience the people I've met who primarily use iBooks are the more "casual" readers who read several books a year, whereas the Kindle users tend to read many more than that. The e-ink screen is critical for literary enthusiasts as it's the closest thing to a real book, but is digital.
The word 'e-commerce' might look as one word here, but if you see what it takes to make it run, there are several big constituent parts of it, each of which could be a big business in its own right.
I imagine at some point, Amazon could likely offer shipping-as-a-service like Fedex or UPS. Or its supply chain or warehouse management expertise.
In fact aws was born when they realized they could rent out servers and infrastructure service they were using in Amazon.
https://www.networkworld.com/article/2891297/cloud-computing...
But still brings us back to my original point, they have shown success in two markets. Not really everything they try. They have some tough competition in ups, FedEx, USPS. And the stories I've heard so far of Amazon handling its own deliveries aren't sounding promising.
They have plenty of competition in cloud (they are in fact persistently losing market share). Their realm of dominance so far is ebooks and online traditional retail. There is nothing else that they truly dominate.
Amazon has overwhelmly failed at their ventures. They fail frequently and it gets entirely ignored by the doomsayers. They don't just take over industries, they flop at it routinely.
Amazon has a market capitalization close to a trillion dollars. Their failures are part of their strategy, as I mentioned, because they are unafraid of sinking billions in experiments to find growth, and the strategy is clearly working.
Of course Amazon will not be around forever, just like any other company, but I fail to see how that is relevant to the discussion about their current growth.