Much of the economy is based on the consumer, and Amazon did well in the holiday season. In an article by Jeffery Dastin and Akanksha Rana of Reuters in January, Amazon released its holiday quarterly results and they were good.
For Prime membership, there was a 50% increase to more than 150 million people paying $125 a year for membership. The number went from a 100 million to 150 million. This means $18.750 billion comes into the Amazon coffers every year.
On top of that AWS or the cloud computing division increased its share and profits.
Total net sales rose 21% to $87.44 billion beating estimates of $86.02 billion. On the expense side, net operating expenses rose 21.8% to $83.56 billion. About 800,000 people work for Amazon,
Linking to dividend paying stocks, Amazon continues to change the marketplace and generates cash to have both short and long term goals. The argument used to be Amazon was willing to forgo short term results as it was focused on long term goals, now they can do both. Amazon continues to be a category killer, if you have investments what are being affected by Amazon, how do they compete against Amazon?
There are more questions than answers, till the next time – to raising questions.