The above graph represents Amazon annual revenue from products and services sold to customers, worldwide. Over 57.2% of Amazon’s total revenue in 2019 came from its product sales. Amazon revenue from products and services, both reached an all-time high in 2019. Amazon products revenue in 2019 increased over 13% YoY to an all-time high of $160,408 million. While Amazon services revenue surpassed $120,114 million mark for the first time in 2019, with an appreciable 32% YoY growth.
Amazon Products and Services Revenue: History
|Source||Amazon Annual Reports, SEC Filings|
|Note||Amazon Fiscal Year – from January to December|
Amazon annual revenue from products crossed the $50 billion mark for the first time in 2012. The company generated $51.7 billion in revenue from the sales of its products. Meanwhile, the services revenue reached $9.36 billion, with 54% YoY growth.
In 2017, Amazon achieved another revenue milestone; the annual revenue from products and services crossed the $100 billion and $50 billion mark for the first time, respectively. Amazon products revenue increased to $118.6 billion in 2017, with 25.3% YoY growth. While the services revenue increased an impressive 43.5% YoY to $59.3 billion.
One must note that Amazon generates a majority of its products and services revenue in the fourth quarter, compared to the first three quarters of any particular year.
About Amazon.Com Inc: Additional Information
Amazon.com, Inc. (NASDAQ: AMZN) is an American multinational internet and e-commerce company, founded by Jeff Bezos and is headquartered in Seattle, Washington. The company was initially incorporated on July 5, 1994, as Cadabra, Inc, and reincorporated on May 28, 1996, in the state of Delaware.
In July 1995, Amazon began its service as an online bookstore. However, later it started offering an array of products and services to the people around the world. Today, the online retail behemoth has got hands almost in every business related to tech, from retail e-commerce to cloud computing and IoT.
On May 15, 1997, Amazon completed its initial public offering (IPO) of 3,000,000 shares of its common stock, at a price of $18.00 per share.
Amazon’s major products and services include Amazon Web Services, Amazon Prime (February 2, 2005) Amazon Music ( September 25, 2007), Amazon Kindle ( November 19, 2007), Amazon Echo (November 6, 2014), Fire Phone (announced on June 18, 2014), etc.
In June 2013, Amazon finally launched its market place in India.
With $97 billion value, Amazon ranks 4th among the world’s most valuable brands 2019 by Forbes.
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