I have been meaning to write a blurb about Amazon ever since I saw a great article on the benefits of Amazon's low margin strategy a few months ago. But a recent article in the Wall Street Journal about huge price cuts on Amazon's top-of-the-line tablet has finally galvanized me into action. Here are my thoughts.
Let's lead in with what Eugene Wei, a former Amazon manager, had to say in November of last year:
Attacking the market with a low margin strategy has other benefits, though, ones ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.