"Amazon's business spans multiple industries, including e-commerce, cloud computing, artificial intelligence (AI), advertising, grocery shopping, video and music streaming, and healthcare. Here's something deeply impressive about the company: It has been able to establish itself as a leader, and oftentimes as the leader, in most markets where it has ventured. Amazon holds the lead in the U.S. e-commerce market and is the top player in the cloud computing industry as well."
"Most corporations struggle to achieve a top market share -- or even come close to that level -- in a single industry. Amazon's ability to do so across multiple platforms speaks volumes. Here are at least two things it tells us. First, Amazon's management team knows how to plan ahead and identify potentially attractive growth avenues. Second, Amazon has an internal culture of innovation. Both of these factors are prerequisites for any company to perform well over a long period of several decades."
Amazon operates across e-commerce, cloud computing, artificial intelligence, advertising, grocery, video and music streaming, and healthcare. The company has established leadership in U.S. e-commerce and cloud computing and ranks near the top in digital advertising and streaming. Amazon's track record shows management identifies attractive growth avenues and fosters an internal culture of innovation. These capabilities increase the likelihood of success as Amazon pursues new sectors such as healthcare, where Amazon Pharmacy has begun to disrupt pharmacy services. Some observers worry that size limits upside and that cloud competition introduces uncertainty, but Amazon's cross-industry dominance suggests a substantial runway for continued growth.
Read at The Motley Fool
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