Consumer and Retail
Here’s how a win in India can boost Amazon.com, Inc. stock even higher
23 Feb 2018
For AMZN stock, India is the opportunity of a lifetime
According to Praxis Global Alliance, Amazon’s share of Indian e-commerce in 2016-2017 rose from 12% to 29%. This puts Amazon in second place behind India’s Flipkart, which boasted a 38.5% market share.
Although Amazon is winning market share, it is also losing money, about $120 million a month in India alone. Losses for Amazon’s international segment more than doubled, from $1.3 billion in 2016 to $3 billion in 2017.
This article was originally published on Investor Place. Read more.
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