With a growing number of retailers in the U.S. offering cheaper prices on Amazon, the company is now competing with retailers like Wal-Mart, Target and Target Express.
However, that isn’t enough for the retail giant, which is trying to make up ground in the $3 trillion U.K. marketplace.
In a recent earnings call with analysts, Amazon Chief Executive Officer Jeff Bezos acknowledged that Amazon is still the “single largest online retailer in the world” with a $20 billion market cap.
But he said he expects that the company’s stock price will soon surpass that number.
“It is likely to be at $20, $30, $40,” he said.
“And by the time we hit $50 billion in market cap, it will be at a very high level.
We are probably about as close as we are to that.
Amazon also plans to launch a new kind of video streaming service in the near future, but no details about it were given. “
I don’t think there’s anything we can do about it, but it’s certainly going to be a bigger challenge for us in the long run to come up with an alternative to Walmart and Target, which are the two largest retailers in terms of their market cap.”
Amazon also plans to launch a new kind of video streaming service in the near future, but no details about it were given.
Amazon also said it is “working on an integrated platform to deliver video streaming services to consumers.”
Amazon’s chief financial officer, Michael Arrington, told analysts that the video service will be in the “coming months,” and he said it will “be completely integrated with Amazon Video.”
Amazon is also looking to expand its e-commerce business to other countries, including China, South Korea and Taiwan.
In March, the e-retailer announced it had acquired a majority stake in e-book publisher Hachette for $1.2 billion.
The deal was announced just days after Amazon made its first-ever cash payment of $400 million to the publisher.