![]() While Amazon still makes a majority of its revenue from its e-commerce platform, it has seen huge increases in revenue from AWS, subscriptions and advertising in the past few years. It acquired Ring doorbell for $1 billion in 2018 and has since launched other types of Echo devices. Amazon has launched eight stores so far in the US, but has failed to interest any third-party retailers.Īmazon is one of the largest competitors in the Internet of Things market, with the Amazon Echo as the hub and Alexa as the personal assistant. Next year, Amazon launched Go, a small chain of stores which use cameras and sensors instead of cashiers. In 2017, it made its largest acquisition to date, paying $17.4 billion for Whole Foods. In 2014, Amazon also acquired Twitch.TV for $970 million, a live streaming service primarily dedicated to games. Amazon Prime Video counted more than 175 million unique viewers in 2021, and Amazon recently acquired MGM Studios for $8.4 billion, adding more exclusive movies to the platform. The service provided subscribers with free delivery on most items, and Amazon has added video and music streaming, alongside other services.Īs of 2021, Amazon has over 200 million Prime subscribers. To get customers locked in to the platform, Amazon created Prime in 2005. Like the HTC First (Facebook Phone), it failed to capture an audience in the US or abroad and was cancelled soon after. Not all of Amazon’s hardware has been successful, in 2014, it launched the Fire Phone, which had a clunky 3D screen. It also launched tablets and connected TV devices, under the Fire brand. ![]() It launched the Kindle, an e-reader, in 2007, as the primary hardware for its Kindle e-book store. It has since become the largest cloud computing business in the world, with over 30 percent market share.Īs Amazon’s e-commerce platform continued to grow, Amazon looked for new ways to generate revenue. ![]() Amazon Web Services (AWS) was also launched at the start of the 2000s, originally built to help third-party retailers build websites quickly.
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