More than
half of US e-commerce growth in 2016 came from a single company: Amazon.
According to
market research firm Slice Intelligence, Amazon accounted for 53% of online
sales growth in the US last year, leaving all of its competitors to fight for
the remaining 47% of the pie. That means for every new dollar American
consumers spent online, Amazon took 53 cents of it.
In total,
Amazon took 43% of all the revenue generated online in the US market last year,
Slice estimates.
This isn't the first time Amazon drove the
majority of US online sales growth. In 2015, Macquarie estimated 51% of
e-commerce sales growth came from Amazon, a huge jump from the previous two
years, when it accounted for 33% and 36% of the growth, respectively.
Add this to
the fact that Amazon had a record holiday season, and all signs point to
another blow out quarter for the e-commerce giant, who reports fourth quarter
earnings Thursday after the bell. Here's what the street expects, according to
Yahoo Finance:
Earnings-per-share (EPS): $1.35 vs. $1 last
year
Revenue: $44.68 billion vs. $35.75 billion
last year
(Business
Insider)
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