Amazon, Inc. (AMZN) Has Created a $10B Business Supplies Revenue Business

NASDAQ: AMZN | Amazon.com, Inc. News, Ratings, and Charts

AMZN – Amazon’s business marketplace is on pace to make $10 billion in sales.

Amazon,Inc. (NASDAQ:AMZNbusiness marketplace is its fastest growing marketplace, reaching $10 billion in sales only three years after reaching $1 billion. 

Amazon’s business marketplace is growing faster than its consumer retail and cloud unit sectors, with some analysts believing it will surpass the profits of the company’s traditionally dominant e-commerce section. Amazon business specializes in selling supplies to corporate buyers.

CNBC provides insight on the exciting development:

Business-to-business sales presents another massive growth opportunity for Amazon, which makes most of its money through its consumer retail and cloud computing services. The company booked $177 billion in total revenue in 2017, and nearly $53 billion in the second quarter of 2018.

Amazon boasted the new sales projection in a blog post, where it revealed that 55 of the Fortune 500 companies utilize its service. It took seven years for Amazon’s retail section to grow from $1 billion in revenue to $10 billion, whereas it only took Amazon’s business marketplace three years.

Amazon,Inc. shares . Year-to-date, Amazon.com, Inc. (AMZN - Get Rating) has gained 68.47%, versus a 9.93% rise in the benchmark S&P 500 index during the same period.

Amazon.com, Inc. (AMZN - Get Rating) currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 53 stocks in the Internet category.

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