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Amazon offers a variety of products and services, not to mention they're a very competitive company that wants to become the #1 GO-TO BUSINESS for retail (Monopoly hungry machine)

Books, Music, Videotapes
Apparel, Baby product, and Consumer Electronics
Health and Personal Care items
Industrial and Scientific supplies
Kitchen items, Jewelry, Watches
Lawn and Garden Items
Music Instruments, Sporting goods, and Tools
Automotive items, and toys/gamesServices it offers such as

Online shopping
In-Person shopping
Fresh produce delivery
Primer membership which includes
- Unlimited music, shows, movies, with limited advertising
- Access to over 2 million ad-free songs
- Access to free games, in-game content, and a channel subscription to Twitch
- Access to thousands of e-books, audio books, and magazines
Amazon live, where you can watch and shop deals

Let's also not forget Amazon's next targets for the future of improving its Business into becoming the #1 Go-To Business for retail

Amazon aims to offer a more integrated and seamless shopping experience through advancements in technology like AI, robotics, and drone delivery, while heavily focusing on sustainability by expanding its use of electric vehicles and carbon-free energy, further solidifying its presence in the grocery sector with Amazon Fresh, and continuing to prioritize fast and efficient delivery options across various product categories, including international markets.

Amazon is currently actively exploring and expanding into sectors like healthcare (including telemedicine and online pharmacy), autonomous delivery (drone and self-driving vehicles), financial services (payments and potential banking), artificial intelligence and machine learning, the Internet of Things (IoT) through Alexa-enabled devices, and potentially even the luxury goods market, aiming to disrupt various industries with its established logistics and technology capabilities; essentially looking to become a more comprehensive "everything store" across different sectors.

Key areas of focus for Amazon's expansion:

Healthcare: Amazon Care (telemedicine), PillPack (online pharmacy acquisition)
Delivery & Logistics: Drone delivery (Amazon Prime Air), autonomous vehicles
Financial Services: Amazon Pay, co-branded credit cards, potential for broader banking services
Artificial Intelligence & Machine Learning: Advanced AI applications across various platforms
Smart Home & IoT: Alexa-enabled devices, integration with smart home products
Media & Entertainment: Streaming services, content production through acquisitions like MGM
Grocery & Fresh Food: Amazon Fresh, online grocery delivery

Let's not forget Amazon its trying to also enter the vehicle industry by offering vehicle purchases, maybe a goal to compete against Carvana and Driveway? There are not many online vehicle selling businesses but that is where the future is headed. This could be really good for the business in the future.

It is really not hard to think Amazon will the most important company for retail sales

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Disclaimer

The user NahuaCapital has a position in NasdaqGS:AMZN. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.