Best Year for Amazon Sellers!
Jeff Bezos is stepping down! Where will Amazon be in a year? Some say Amazon’s luck may run out when the pandemic ends. I don’t know about all that. I think Amazon is going to do just fine. When you look at the numbers, in its most recent quarter (ending December 31, 2020) the company eclipsed $100 billion in sales and had $125.6 billion in revenue. That’s up 44% year over year - despite a historic hiring spree and heavy investments into infrastructure. Others are worried about Jeff Bezos stepping down. It’s a somewhat valid concern - Amazon has been powered by Bezos’ uncompromising standards and legendary work ethic. At least, that’s the way it’s perceived. Bill Gates was CEO of Microsoft for about the same amount of time that Bezos was CEO of Amazon. Microsoft has been doing just fine since he stepped down. Or take Apple. After Steve Jobs’ untimely passing, Tim Cook took over - and it’s been business as usual for Apple. In fact, its market capitalization was $360 billio