By: Ahmed Yasser
CAIRO, Jan. 7 (SEE)- While Microsoft’s cloud is growing at a faster clip ”Amazon Web Services” remains the industry juggernaut. AWS’s annual revenue is now $23 billion and it controls 40 % of the public cloud market, according to ”Synergy Research Group”.
The new year has only began, but it is already full of surprises for American retail giant Amazon, the beginning of 2019 appeared to be very successful. In the first week of the ongoing year, the company managed to win over its long lasted competitors Microsoft and Apple, reaching the highest capitalization level at the market.
With millions of active customers, ”AWS” has more than 140 services for developers and the business continues to expand geographically. Amazon cloud facilities are coming to Bahrain, Hong Kong, Italy and South Africa and the company is competing to win a $10 billion U.S. Defense of Department contract.
Amazon accounted for roughly half of all e-commerce sales in the U.S. last year, according to e-Marketer and roughly 90 % of Amazon’s revenue comes from retail sales.
Amazon has expanded into a lot of different businesses over the years, but its core is still e-commerce.
Within Amazon’s retail business, its third-party marketplace is becoming more important than ever. The marketplace accounted for 31.3% of all U.S. online sales last year, e-Marketer estimates, up 35.6 % from the previous year.
For the first time in its history, ”Amazon” has been crowned most valuable company in the U.S. After weeks of jockeying between tech titans, the E-retailer’s share price rose 3.4% to close at $1,629.51 on Monday, giving it a market cap of around $795 billion. While ”Microsoft” finished 2018 as the most valuable business supplanting Apple, which briefly surpassed a $1 trillion valuation. Amazon shares have surged 8.5% over the last week.
Amazon CEO Jeff Bezos, whose aerospace company ”Blue Origins” last year announced its ambitions to take customers into space by April, also rose alongside Amazon to become the richest person in the world, ahead of Microsoft founder ”Bill Gates”. Bezos holds 78.9 million shares of Amazon stock.
The next evident benchmark for Amazon is a $1 trillion market cap and the faster the company gets there, the more flattering will be the triumph. Some business analysts whose names are closely related to the crypto-sphere reported that crypto payments are a turnkey solution for Amazon’s skyrocketing success.
Amazon is perhaps the most capital efficient company in the history of the world, but it has a billion dollars laying around in accounts because the system of moving money is so slow. The technology of ”XRP”, on the other hand allows for transactions to happen very fast.
In 1995, Amazon officially opened for business as an online bookseller. Within a month, the fledgling retailer had shipped books to all 50 U.S. states and to 45 countries. Founder ”Jeff Bezos’s” motto was get big fast and ”Seattle”, based Amazon eventually turned into an e-commerce colossus, selling everything from groceries, furniture, live ladybugs and helping to revolutionize the way people shop.
In 2007, Amazon debuted its ”Kindle” e-reader; four years later, the company announced it was selling more e-books than print books. Also in 2011, Amazon’s tablet computer, the ”Kindle Fire”, was released. Among a variety of other ventures, it launched a cloud computing service in 2006, a studio that develops movies and TV series in 2010, an online marketplace for fine art, in 2013, which has featured original works by artists including Claude Monet and Norman Rockwell.