The company has, however, never paid a dividend in its history. In 1997, Amazon's market cap was $438 million and in 2020 it hit the $1 trillion mark.
When was listed on the Nasdaq on as an online bookstore, it was priced at just $18 per share, or $1.50 adjusted for three stock splits in 1998-1999. Amazon's net income almost doubled to $5.2 billion during the quarter.
The world's largest online retailer earned $45.9 billion, or about 52 per cent of net sales, through online sales in the quarter while physical stores contributed only about 4 per cent to net sales. The international segment comprised 26 per cent of the revenue, while the remaining 12 per cent came from AWS. The North America segment, primarily consisting of retail sales of consumer products and subscriptions through North America-focused websites gets Amazon around 62 per cent of its revenue. For the quarter ended 30 June 2020, Amazon earned a revenue of $88.9 billion, up 40 per cent on a year-on-year basis. While the first two primarily consist of retail sales of consumer products and subscriptions in the two geographies, AWS is into large-scale cloud computing and data management services. divides its operations into three segments: North America, International and Amazon Web Services (AWS).
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Besides owning the offline grocery chain Whole Foods and producing media content, the Seattle-headquartered company also manufactures and sells electronic devices like Kindle, Fire TV, Echo, Alexa, etc. E-commerce and Amazon Web Services (AWS) are the twin pillars on which founder Jeff Bezos's empire stands. With a market capitalization of $1.7 trillion, Amazon is today one of the world's most valuable companies. Amazon stock priceĪ, Inc is a US technology stock that began operations in 1994 and got listed on the Nasdaq in 1997. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.
ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). This content is authored by an external agency. Large institutional investors in Amazon include The Vanguard Group, BlackRock Fund Advisors and S SgA Funds Management. Bezos is also the company's single largest shareholder with 11.1% holding. Olsavsky and Amazon Web Services CEO Andrew R. The top management includes Chief Financial Officer (CFO) Brain T. founder Jeff Bezos is the company's President, CEO and Chairman of the board of directors. Read More, Inc is a US technology stock that began operations in 1994 and got listed on the Nasdaq in 1997. With a market capitalization of $1.7 trillion, Amazon is today one of the world's most valuable compani. , Inc is a US technology stock that began operations in 1994 and got listed on the Nasdaq in 1997.
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