E-Fundamentals

Amazon.com is the largest internet retailer in the USA. It is an ecommerce site that is very widely used by a large array of people. The company sells many different products, both brand new and second hand. Its headquarters are based in Seattle, Washington, USA.

Founded in 1994, originally the company started as an online book store but the companies product base quickly expanded to include DVD’s, VHS’s, CD’s, video and MP3 as well as software, video games and even food, toys and jewellery.

In 2013 amazons annual report it was stated that amazon had an overall income of $745 million and netted $245 million after taxes. Amazon currently employs roughly 33,700 people worldwide. It has been calculated that amazon makes about $1,084 per second putting it ahead of other internet based companies such as google which makes $929 per second and eBay which makes about $290 per second.

It was rumoured in 2012 that amazon were planning on opening retail stores. However such an idea would not be profitable for amazon. However amazon have manufactured several retail goods of their own, including media such as books DVD’s, music CD’s and software. The most notable product is probably the amazon kindle, which was launched in 2007. It is an e-book reader which downloads content over Whispernet.

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