it could also be that relative to alphabet, apple and shopify they had jsut a good quarter. MS beat estimates and saw daily losses yesterday, likely attributed to rebalancing market-based portfolios.
There has been a rumor of a stock split late this week that may have been leading to a speculative rise but for whatever reason the stock was already up 3% this week (and 13% this month).
I'm actually kind of surprised at how "low" the growth was from 2020 to 2021 considering overnight entire countries became dependent on Amazon for purchasing in some cases.
I'm in Canada, with the locks downs, curfews, etc my entire shopping experience since 2020 March has been:
- Amazon
- Costco
- GoodFood (Had before covid)
- UberEats (Twice because of work vouchers)
- Home Depot (soil & lumber to build a raised garden bed)
I think the number of people that changed their shopping habits is probably pretty small compared to those that continued to do what they used to. For one, things sold via Amazon are very expensive (especially liquids) compared to in store options and most people were and are stretched so they can’t just up and spend an extra 20%+ or whatever to get delivery.
yep... true for my family as well. While we bought some things from amazon fresh, 98% of grocery items were still purchased through local stores. Many adopted delivery model pretty early on.
as for non grocery items, there were pandemic related purchases for sure, but for my family, it was at Home Depot.
With that said though, I think the Q1 YoY revenue jump is still huge.
The sheer scale seems really similar to the vertical integration of companies like Standard Oil. That alone doesn't necessarily mean that they're problematic, but it sure does suggest that we give them a closer look. If their scale allows them to be anti-consumer/anti-trade then that's bad.
If their scale allows it then you may wish to look closer, but their scale also allows them to offer unprecedented value to customers, which is generally the highest value for commerce in the first place.
Let's not destroy a good thing just because we can imagine it having some consequences.
Neither part has anywhere near monopoly power in respective markets: AWS ~32% of cloud, Amazon has ~37% of ecommerce. There's an incredible amount of other options for everything Amazon does.
The pandemic wouldn't have made a lot of difference. Especially as people would have much less money to spend on junk, were it not for socialist handouts.
It already is 'that' kind of website(frankly it has been since ~2017).
If i had to guess they probably make some decent amount, but only because in the last couple of years they refined and made very popular the subscription & gifting system(along with bits and everything else).Now i'm not sure if they have lost actual money from the DMCA and copyright issues.I'm thinking they did not(or not so much anyways), and that's why they've made those purges and scared everyone.
They definitely prep it up to be a big advertising platform(if it wasn't already).Their anti-adblock system isn't perfect, that's why they're looking at some new technologies that make it very hard to circumvent ads.At that point they will definitely make some big bucks out of it.(Assuming it doesn't 'die')
Increasing uptake of their higher margin products, mostly.
What products of theirs have seen prices rise? I can't think of any, except some AWS services where the price rise accompanies a serious rise in utilisation (ie the user is getting more per dollar, so the dollar price is rising commensurate)
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[ 4.1 ms ] story [ 92.0 ms ] thread2021: $108.5 billion
2020: $75.5 billion
2019: $59.7 billion
2018: $51.0 billion
2017: $35.7 billion
2016: $29.1 billion
2015: $22.7 billion
2014: $19.7 billion
2013: $16.1 billion
2012: $13.2 billion
2011: $9.9 billion
2010: $7.1 billion
2009: $4.9 billion
2008: $4.1 billion
2007: $3.0 billion
2006: $2.3 billion
2005: $1.9 billion
2004: $1.5 billion
2003: $1.1 billion
2002: $847 million
2001: $700 million
2000: $574 million
1999: $294 million
1998: $87 million
1997: $16 million
I'm in Canada, with the locks downs, curfews, etc my entire shopping experience since 2020 March has been:
- Amazon
- Costco
- GoodFood (Had before covid)
- UberEats (Twice because of work vouchers)
- Home Depot (soil & lumber to build a raised garden bed)
Nothing else.
Edit: Formatting & added home depot
as for non grocery items, there were pandemic related purchases for sure, but for my family, it was at Home Depot.
With that said though, I think the Q1 YoY revenue jump is still huge.
Top y/y Q1 growth (according to numbers from op):
Median overall is %29That's a pretty good year, especially considering growth usually gets harder as you grow.
So volume moght have increased but avg revenue per user would still grow less.
Rest of Amazon Q1: 4.7 billion net revenue.
Ebay and Paypal split, but Paypal was worth a lot more than Ebay at the time and now it is worth ~10x as much.
If their scale allows it then you may wish to look closer, but their scale also allows them to offer unprecedented value to customers, which is generally the highest value for commerce in the first place.
Let's not destroy a good thing just because we can imagine it having some consequences.
2020 Q1: $2.5 billion
2021 Q1: $8.1 billion
The pandemic has been good to amazon.
And to most other tech companies.
The pandemic wouldn't have made a lot of difference. Especially as people would have much less money to spend on junk, were it not for socialist handouts.
Had they not been thoroughly competent, the pandemic would've destroyed them.
Many large companies emerged worse for the pandemic.
If i had to guess they probably make some decent amount, but only because in the last couple of years they refined and made very popular the subscription & gifting system(along with bits and everything else).Now i'm not sure if they have lost actual money from the DMCA and copyright issues.I'm thinking they did not(or not so much anyways), and that's why they've made those purges and scared everyone.
They definitely prep it up to be a big advertising platform(if it wasn't already).Their anti-adblock system isn't perfect, that's why they're looking at some new technologies that make it very hard to circumvent ads.At that point they will definitely make some big bucks out of it.(Assuming it doesn't 'die')
Operating margin Q1 2020: 5.3%, Q1 2021: 8.2%
Which is somewhat interesting. I wonder if there was a set of deliberate prices raise while they have this upper hand, or just economy of scale.
What products of theirs have seen prices rise? I can't think of any, except some AWS services where the price rise accompanies a serious rise in utilisation (ie the user is getting more per dollar, so the dollar price is rising commensurate)