Amazon’s surprise second quarter profit of $92m, on revenue of $23.19Bn, a net margin of only 0.39% clearly leads the stock market to believe that the company is beginning to flex its latent profit muscles, adding $40bn to their market capitalisation, making them bigger than Walmart…
Reports in the New York Times confirm Amazon’s unchanging formula:
It is the leading e-commerce company, and e-commerce is going to be really big. Its dominant position will allow it to undercut competition and bring home large profits. In the most extreme case, it will control the delivery pipeline of goods into homes, kind of the way cable companies once controlled the flow of entertainment...
The stock market have obviously bought into the Amazon profit story, allowing the company to provide steady but minimal profits, re-investing surplus in innovations and experiments that normal companies can only dream about…
…Allowing Starship Amazon to continue on its mission of selling anything to anyone, anywhere, anytime, in whatever way they want to buy, forever?
BTW, in case you ever need reminding of their scale, Amazon have just opened a new multi-million pound fashion photography studio in London's Shoreditch as its fashion business continues to grow, and will produce half a million fashion images a year.
At 46,000 square feet (Asda-size), it houses 22 individual photography bays, a large state of the art editorial suite, video editing facilities, a creative fashion library, and office space for Amazon’s growing team of fashion creatives.
Please continue to watch this space...
Reports in the New York Times confirm Amazon’s unchanging formula:
It is the leading e-commerce company, and e-commerce is going to be really big. Its dominant position will allow it to undercut competition and bring home large profits. In the most extreme case, it will control the delivery pipeline of goods into homes, kind of the way cable companies once controlled the flow of entertainment...
The stock market have obviously bought into the Amazon profit story, allowing the company to provide steady but minimal profits, re-investing surplus in innovations and experiments that normal companies can only dream about…
…Allowing Starship Amazon to continue on its mission of selling anything to anyone, anywhere, anytime, in whatever way they want to buy, forever?
BTW, in case you ever need reminding of their scale, Amazon have just opened a new multi-million pound fashion photography studio in London's Shoreditch as its fashion business continues to grow, and will produce half a million fashion images a year.
At 46,000 square feet (Asda-size), it houses 22 individual photography bays, a large state of the art editorial suite, video editing facilities, a creative fashion library, and office space for Amazon’s growing team of fashion creatives.
Please continue to watch this space...
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