From 2004 to 2023, Amazon's net revenue from e-commerce and service sales increased significantly. In the last reported year, the multinational e-commerce company's net revenue was approximately USD 576 billion, up from USD 514 billion in 2022.
Amazon.com is an American e-commerce company founded in 1994 and is the world's largest online retailer of books, clothing, electronics, music, and much more. As of 2022, the company generates the majority of its net revenue through online retail product sales, followed by third-party retail seller services, cloud computing services, and retail subscription services, including Amazon Prime.
From seller to digital environment
Through Amazon, consumers can purchase products from small businesses to large corporations, as well as other users, at deeply discounted prices. Both new and used items are sold on our website. Amazon dominates the retail market, with a wide range of products available at prices below the retail price of local brick-and-mortar stores. As of 2022, Amazon's brand value exceeds his US$281 billion, surpassing companies such as Walmart, IKEA, and digital competitors Alibaba and eBay. One of his first forays into the world of Amazon hardware was his Kindle e-book reader, one of the most popular e-readers around the world. Recently, Amazon also released several private label product lines and the voice-controlled virtual assistant Alexa.
Headquarters are located in North America
Due to its location, Amazon offers more services in North America than it does around the world. As a result, the majority of the company's net revenue in 2021 actually came from the United States and Canada. In 2022, approximately US$316 billion was earned in North America, compared to only about US$118 billion overseas.
