Amazon's Relentless Focus on Long-Term Growth
If there is one thing that Amazon’s founder and CEO Jeff Bezos is famous for, it’s his relentless commitment on long-term growth. Having ignored critics for years, Bezos’ willingness to sacrifice short-term profits for long-term success appears to be bearing fruit.
Not only has Amazon cemented its position as the no.1 online retailer in countless markets, it has also built an industry-leading cloud computing business and established itself as a serious contender in the growing media streaming landscape.
The company has achieved all that by constantly re-investing most of its profits. In the past twelve months, Amazon made a net profit of $596 million. In 2004, it made $588 million. The difference being: in 2015, Amazon generated $107 billion in revenue, which is more than 15 times the amount it had made in 2004. Our chart below illustrates Amazon’s strategy by contrasting the company’s revenue and profit growth since 1997.
- Global net revenue of Amazon 2006-2015, by departmentGlobal net revenue of Amazon 2006-2015, by department
- Most popular U.S. Amazon product categories 2016Most popular U.S. Amazon product categories 2016
- E-book market share of Amazon Kindle and Tolino in Germany Q2 2013-Q3 2014E-book market share of Amazon Kindle and Tolino in Germany Q2 2013-Q3 2014
- Value of the leading retail brands worldwide 2016Value of the leading retail brands worldwide 2016
- Monthly unique visitors to U.S. retail websites 2016Monthly unique visitors to U.S. retail websites 2016
- Most popular Apple App Store categories 2016Most popular Apple App Store categories 2016
- Revenue of the leading U.S. sporting goods, footwear and apparel retailers 2015Revenue of the leading U.S. sporting goods, footwear and apparel retailers 2015
- Leading 100 American retailers based on U.S. retail sales 2015Leading 100 American retailers based on U.S. retail sales 2015
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