If I had just kept growing at 20-25% annually I'd be over 260ft tall today.
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Amazon will be the Largest Company in the World and 1st Trillion Dollar Company
21–24 of 24 posts
Re: Amazon will be the Largest Company in the World and 1st Trillion Dollar Company
#22To answer some points: In 2008, revenue grew 29% to $19.17 BN. You can go back over the past 5 or 10 years and nit pick, but the numbers are all solid and within the ranges mentioned. I used 15% in the article over 20 years to express my confidence in ecommerce overall and in Amazon's ability to capitalize. The thrust of my argument is changing consumer behavior, but also a strong long position on the value of computer science. Amazon will leverage CS and technology generally better than all competitors. I stand by my claims. The data backs it up. I am confident current trends will continue because the underlying phenomena is so powerful.
Re: Amazon will be the Largest Company in the World and 1st Trillion Dollar Company
#23I <3 Amazon, but I've started looking for alternatives (for buying, not for reviews) ever since they started charging us NYers tax. Sure, not their fault, blame NY state, but the point is, they are about 10% more expensive suddenly.
Summary: If they do become super-big expect more taxes or more hindrances.
Re: Amazon will be the Largest Company in the World and 1st Trillion Dollar Company
#24I grabbed the last four annual revenues for Amazon and Walmart from Google Finance. The average growth (in revenue) for Amazon over that period is 31%; for Walmart, 9%. World GDP growth is about 7% per year (over the last 30, through '08).
Assuming those continue then Amazon will sell $1T nominal in 16 years. Unfortunately for the author's claim, Walmart will do it in 12. And also unfortunately, with that rate of growth, Amazon's revenue will exceed world GDP in 41 years.