Amazon, the world’s most remarkable firm, is just getting started

Re:Amazon, the world’s most remarkable firm, is just getting... by ehsankia on Friday March 24, 2017 @11:40AM (#13949629)

The breadth they are reaching really is impressive. The only other company which can really be compared with is Google and Microsoft. So far, Google's relationship with Amazon has been very weird, I'm curious to see how it evolves over time.

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Re:Amazon, the world’s most remarkable firm, is just getting... by oblio on Friday March 24, 2017 @11:56AM (#13949772)

Let's not kid ourselves. Samsung and the other Korean chaebols, Mitsubishi and the Japanese keiretsus or even 3M have at least similar breadth.

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Re:Amazon, the world’s most remarkable firm, is just getting... by JBReefer on Friday March 24, 2017 @11:59AM (#13949793)

Absolutely, but those are rarely discussed. I don't really get why, all of the firms you listed are incredible.

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Re:Amazon, the world’s most remarkable firm, is just getting... by 794CD01 on Friday March 24, 2017 @12:39PM (#13950153)

Probably because you only hang out on english-language forums full of people with similar views to your own.

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Re:Amazon, the world’s most remarkable firm, is just getting... by skinnymuch on Saturday March 25, 2017 @10:17AM (#13955739)

Mitsubishi's revenue and expanse as an example is just crazy when comparing to Euro-American companies. Their revenue and major groups under the company are huge! Great example.

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Re:Amazon, the world’s most remarkable firm, is just getting... by adventured on Friday March 24, 2017 @12:07PM (#13949863)

Amazon is ~24 years old and already larger than all of them except Samsung (which they'll catch soon enough).

For example, Amazon is drastically larger than 3M. Four times the market cap, four times the sales. Not to mention 3M's business has been contracting for years, meanwhile Amazon is full speed ahead. So that gap will grow dramatically in just a few years. Amazon will hit $200 billion in sales in a few years, while 3M will have seen zero growth (Amazon will be 7x larger then).

Your comparison doesn't make much sense today. It'll make zero sense tomorrow. Samsung is the sole company in that group that will be comparable in just three or four more years.

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Re:Amazon, the world’s most remarkable firm, is just getting... by skinnymuch on Saturday March 25, 2017 @10:16AM (#13955731)

You didn't mention other Korean companies or Japanese keiretsus. And also Mitsubishi wasn't named and is huge. Their revenue will likely dwarf Amazon for decades to come.

Your example is just 3M and is easy picking compared to any other example you could've chosen.

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Re:Amazon, the world’s most remarkable firm, is just getting... by runako on Monday March 27, 2017 @11:05AM (#13968284)

>Mitsubishi wasn't named and is huge. Their revenue will likely dwarf Amazon for decades to come.

Was curious, so I looked it up. Mitsubishi's revenue (as of 2011, which is where Wikipedia cuts off) was ~ $174B. Amazon's 2016 revenue was about $136B. I'm guessing Amazon has a higher revenue growth rate than Mitsubishi.

Samsung's total 2014 revenue was $305B. LG's 2012 revenue was $143B. SK's 2011 revenue was $99B. SMFG's 2011 revenue was ~28B. Toyota is the largest company in Japan at about $237B in revenue (not a keiretsu, but included for scale).

TL;DR; it's not easy to find a company (or related group) with revenue that dwarfs Amazon's. Amazon is really big.

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Re:Amazon, the world’s most remarkable firm, is just getting... by oblio on Friday March 24, 2017 @12:41PM (#13950170)

You've only nitpicked 3M out of the group. Go look up some figures for the chaebol and the keiretsu ;)

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