Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 234.37

+0.2%

Dec 2 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Harmond who wrote (18876)	9/28/1998 10:07:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Amazon has a 75%+ share of online book sales. According to the analyst at Merrill Lynch, Amazon had 62% of the online book market as of the end of Q2 98. Amazon is projected to have less than 50% of the online market by the end of 1998. Amazon's sales are growing but not nearly as quickly as the online book market is growing. The fact remains Amazon is losing market share in the online book market although their sales are increasing. I don't think they are targeting online sales (The category didn't exist until Amazon created it). Amazon is targeting the entire market. No one knows how large the online book market will be in four years. This was an analyst from Velope Brown and he estimated that the online book market would only be about $3 billion by 2002.I agree no one know how large the online book market will become. Amazon does not know. Glenn

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next