Hey investors, we know the pressure on you when the best performing company falls in the stock market. It is quite heartbreaking because your money will go and vain and there is no return entitled to it. You should know that a company’s current performance is applauded after comparing it with past performance. This comparison is the basis for investors to make a decision on purchasing a stock. Future is always uncertain because there are many factors which can influence the market. Competition, Trend, rules and regulations etc. are some major factors which can result in the downfall of a company in future.
Amazon is the best performing company in the stock market of 2020. You would have seen the race between Amazon and Apple to get the first spot. Stock market runs on many factors, but the most important one is performance. The Amazon stock price is around $3200, which is higher according to the cap of Amazon. Amazon has many competitors in the USA and outside markets also. A question arises that what could be the competition in the stock market for Amazon in Future. In this article, we will take a deeper look at it.
The position of Amazon in the market
Amazon is an e-commerce giant in the market which is dominating for almost ten years now. The story of Amazon is very inspiring and hard to believe. To conclude it in short, Amazon took the right advantage of the situation and used something which connects the world to each other. The Internet is the reason for the increasing market for Amazon and also its birth. The competition of Amazon in the retail business was Walmart. This company was well structured and financed until Amazon came and ate up the market.
Walmart was targeting the customers who like to physically touch, see and feel the product. Amazon took advantage of this and started an online retail store where discounted products were sold. There was not a single type of product rate because low to the high policy was adopted.
In a world of convenience, nobody wants to get out of their house and purchase things. This is because Amazon took the right chance and now is the biggest retail store in the world-beating Walmart. Now, the stock market is always a major part of a company to succeed. Amazon took a rise in 2010 and in 2016 recorded a 120%+ growth rate in the stock market. In 2018, it reached the $1 trillion mark after Apple and became the first e-commerce company to do so. In 2020, Amazon recorded its best Market stock rate 2 or 3 times and is on the way to reach the first spot.
There is no major competition for Amazon in future because of the flow of success. We hope that this article will provide you with the necessary information needed. You can check at https://www.webull.com/income-statement/nasdaq-amzn for its income statement if you want to buy amazon stock.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.