Amazon is Much Bigger Than we Thought

Amazon is a giant. We all know that. They have a massive retail business as well as a huge digital distribution business in the USA through their Amazon Prime as well as Android store. What many people don't realize is that the actually handle a lot of other online retail sales as well with their Amazon Checkout. They themselves do about 15% of total USA retail sales, but the big news is that they handle about 15% of other online sales as well. What we see is just the tip of the iceberg, and it's a pretty big chuck of ice.

When third-party sales are taken into account, Amazon's share of what U.S. shoppers spend online could be as high as $125 billion yearly, and it could represent close to 30% of the online goods Americans buy, according to an analysis of Amazon's financial statements.

Source: USAToday