Amazon’s Innovation Is What Set This 25 Year Old Company’s Value At $1 Trillion. What Will The Next 25 Years Hold For Them? And Us?
What started as an online book retailer has become a global giant, with membership subscriptions, physical stores, groceries for sale, its own smart devices and a delivery system which can get things to customers in just an hour.
Amazon is the second-ever public company to be valued at $1 trillion and its success can be seen in the way it works with innovations. The main reason for the high revenue is their expansion into multiple sectors, such as offering video streaming services and cloud services. In 1995, Amazon started off selling books online and later in 2007, quickly captured the e-book space as well, despite facing competition. Four years later, the company started selling music, DVDs, utensils, toys, and other electronics.
In 2005, Amazon came up with their Prime Membership to reward their loyal customers. Today, over 100 million customers are paying for the services. Amazon also started working on smart devices and released its first smart product in the early 2010s – the Echo Speaker with a built-in Alexa. Today, the company is known to be the third-largest seller of smart devices. The latter half of 2018 was a difficult period for the company as the revenues dipped. However, Amazon has set its sights on expanding again and working to create better ways of shopping.
Check Out The Top 12 Smart Devices To Build A Smarter Home!
Be The Superhero Of Your Smart Home
You can teach an old 🏡 new tricks with smart devices. Whether your house is one or one hundred years old it can be a smart home. Sign up today to see the top 12 smart devices to build your smarter home. 🙂 Are you more interested in a Google smart home or an Amazon smart home? Let us know above.