Stock Symbol: AMZN
Company Name: Amazon.com, Inc.
Company Website: www.amazon.com
Sector: App Retailers
Amazon.com, Inc. is a US-based multinational electronic commerce company. Headquartered in Seattle, Washington, it is America's largest online retailer, with nearly three times the Internet sales revenue of the runner up, Staples, Inc., as of January 2010.
How strange is it that Amazon has no App store for AWS developers? As I think about it, there’s quite a lot of opportunity there for them. Given my belief that Clouds will have strong network effects, I think it is a mistake for Amazon to go very much longer without an app store.
For Amazon, a full-on App store with billing capabilities would be great for a lot of smaller apps and startups to get going with.
Amazon should have been one of the first non-mobile App stores but I expect they will be in full acquisition mode throughout 2011 and looking at companies such as DreamFactory to get the job done.
Closing Price as of February 4, 2011 - $175.93
2 Year Projection: +189%