Amazon stock prices continue to rise
New York—Jingle bells, it’s time to buy, get your shares now. Hurry, hurry, the stock will rise, and you’ll make lots of cash, Hey! Before the American international electronic commerce company was founded in 1994, the only way to do shopping during the Christmas season was putting on your heavy jacket and winter boots, dragging yourself out of your warm house to the nearest crowded filled mall where you had to push and shove others in order to find the products that you wanted to purchase.
All you need to do now is go on your favorite web browser and type in www.amazon.com in the address bar. There you can search for most items that are on your shopping list from home appliances, clothing, toys, books, electronics, and more. Sales in the third quarter of 2013 were $17.092 billion, up from $13.806 billion in the third quarter of 2012. In July Amazon shares were worth $280 million and has increased to the highest it’s ever been at $390 million in December. It is evident that the shares will continue to grow just as the company will continue to grow.
Jeff Bezos, founder of Amazon assimilated the company in July 1994 and the site went online a year later as Amazon in 1995. After reading a report about the future of the Internet which projected annual Web commerce growth at 2,300%, Bezos created a list of 20 products that could be marketed online. He lessened the list to what he felt were the five most promising products. Those products were compact discs, computer hardware, computer software, videos, and books. Bezos finally decided that his new business would sell books online, due to the large demand for literature all over the world, the low prices for books, and the huge number of titles available in print. In 2007, Amazon entered the tablet computer market by creating the kindle e-book reader which allows users to download books and content onto their device to read. It has then evolved into the Kindle fire and Kindle fire HD.
One of the services Amazon has to offer is their free standard shipping on orders of $35 or more. Amazon labels this shipping method as the “Super Saver Shipping” which for a decade shipped free as long as customers me the $25 requirement. In October of 2013, the company without an explanation raised the requirement to $35 but profits are still skyrocketing as Amazon’s stock continues to rise.
The other big service that Amazon offers is called Amazon prime. Prime members pay $79 for a year and receive free two-day shipping on all eligible purchases as well as discounted one day shipping rates. Amazon prime members also get access to Amazon Instant Videos which is the instant streaming of selected movies and shows at no extra cost. The last perk the Amazon Prime members receive is their access to the Kindle Owners’ Lending Library, which allows users to borrow certain popular titles for free reading on Kindle hardware, up to one book a month, with no due date.
If you haven’t already, buy your Amazon shares. Although the Christmas season is drawing to a close, the generation of shopping online has just begun. People are moving into the world of shopping online and having their products delivered to them. In a world where speed is of importance, Amazon’s shipping methods will continue to bring money in for the company.