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More About Amazon Science Homepage

More About Amazon Science Homepage

The smart Trick of Amazon: Most Innovative Company That Nobody is Talking About

While Amazon. com famously started as a bookseller, Bezos competed from its start that the website was not merely a merchant of consumer products. Find More Details On This Page argued that Amazon. com was a technology company whose organization was simplifying online transactions for consumers. The Amazon. com company strategy was frequently met suspicion.

bomb. Doubters claimed Amazon. com eventually would lose in the marketplace to recognized bookselling chains, such as Borders and Barnes & Noble, as soon as they had actually released completing e-commerce sites. The absence of company earnings till the final quarter of 2001 appeared to justify its critics. Nevertheless, Bezos dismissed cynics as not understanding the huge development capacity of the Internet.

In fact, Amazon. com did grow quickly, reaching 180,000 consumer accounts by December 1996, after its first complete year in operation, and less than a year later, in October 1997, it had 1,000,000 consumer accounts. Its profits leapt from $15. 7 million in 1996 to $148 million in 1997, followed by $610 million in 1998.

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