Week 1 Discussion – Financial Statements
Please respond to the following:
Use the Strayer Library to find Amazon’s most recent financial statements. This IBISWorld: Company Reports library guide will help you learn how to use the IBISWorld database for this search.
Analyze the financial statements, and predict whether Amazon’s financial health will likely improve or deteriorate over the next five years. Provide a rationale for your response.
Amazon.Com is a public company headquartered in Washington with an estimated 1,541,000 employees. In the US, the company has a notable market share in at least 26 industries: Online Vitamin & Supplement Sales, Online Shoe Sales, Online Men’s Clothing Sales, Online Women’s Clothing Sales, Online Jewelry & Watch Sales, Online Book Sales, Online Children’s Toy Sales, Online Hobby & Craft Supplies Sales, Online Office & School Supply Sales, Online Computer Software Sales, Online Baby Product Sales, Cloud Security Software, Business Intelligence Software, Music Streaming Services, Video Streaming Services, Retail Trade, Data Processing & Hosting Services, Speech & Voice Recognition Software Developers, E-Book Publishing, Online Hardware & Tool Sales, Online Computer & Tablet Sales, Online Small Electrical Appliance Sales, Online Large Kitchen Appliance Sales, Online Grocery Sales, Online Pet Food & Pet Supply Sales, Online Perfume & Cosmetic Sales and Speech & Voice Recognition Software Developers. Their largest market share is in the Online Small Electrical Appliance Sales industry, where they account for an estimated 51.7% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.