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Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
31–40 of 103 posts
Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#32Wow. How is that even possible? Growing by a third in one year at that scale is completely mind boggling to me.
Aren't very high sales for a store expected? They don't manufacture (most) stuff - they buy it for X, sell it for X+Y%, so better economy = more consumer spending = higher sales for stores. The real key for Amazon is how good their profit margins are on these sales.
They were a store last year, too.
Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#33Earlier quoted context omitted.
Gratz! lol My wife and I just added our own registry there...
Protip. Put expensive stuff you want for yourself on the registry. It's unlikely that anyone will buy it (but hey if they do great!) but after the due date they send you a coupon for 20% off if you buy everything left on your registry. We got a bunch of lego sets for the older kid that way, and the discount counted!
Now I want to set up a registry and pay my family to buy the cheaper items to try to get the coupon...
Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#34Once again, AWS is the reason Amazon made any money at all. AWS earned $1.1B in profits for the quarter.. a 25% profit margin.
Hopefully with Microsoft and Google getting in the game we'll get some competition and that margin will reduce
Question is whether those companies will culturally be able to compete in a low-margin space. I don't know anything about Microsoft but wrt Google I've often thought that the insane margins on the search ads business have made it institutionally difficult for the company to take any low-margin business seriously. Amazon on the other hand has been all about razor thin margins since day one.
Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#35Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#36Wow. 34%? How does that happen at a company of that scale? That's simply incredible, they are hitting it out of the park like Apple and Google, FANGs are dominating this world at this stage.
Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#37I am very curious about Wallmart policies against Amazon growth. With this pace amazon will eat Wallmart eventually. And Wallmart is biggest company on earth. What they are going to do?
Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#38Wow. How is that even possible? Growing by a third in one year at that scale is completely mind boggling to me.
Anecdotally, I've started using Amazon FBA for things that I used to use eBay for. Say I want a 2.2" ILI9341-driven TFT screen. That's not exactly something that you need everyday, so I could go to AliExpress/Taobao and get N for $3 ea in ~3 weeks, or eBay to get one for $4-5 in a lottery of anywhere from 3 days to 2 months. But now, I can get one from Amazon for $10 tomorrow. It has prime shipping, which means you g…
Interesting--I've found myself switching the other way recently. I used to do a lot of purchasing on Amazon, but have moved more and more over to eBay. Prices tend to be better there, even on new items. No sales tax. Most sellers now offer free shipping, and you don't have to fill your cart to $50 or whatever it is to get it, and that free shipping isn't the "carried on the back of a mule" speed like Amazon's.
Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#39I am very curious about Wallmart policies against Amazon growth. With this pace amazon will eat Wallmart eventually. And Wallmart is biggest company on earth. What they are going to do?
In many ways amazon has already eaten walmart. In what way is walmart the biggest company on the earth?
Re: Amazon.com Announces Third Quarter Sales Up 34% to $43.7B
#40Once again, AWS is the reason Amazon made any money at all. AWS earned $1.1B in profits for the quarter.. a 25% profit margin.
Not making money is a conscious choice. Growing this fast at scale is insane, Amazon scares me.
Out of all the big ones Amazon is the one I'd want the least to make much money. They just seem to have the least human view of their customers, with some products they've built completely centered around viewing their customers as consumer-machines.