We gave our thoughts Friday on Amazon.com’s annual letter.
Here’s what the boys at Fool.com had to say.
As for what the long-term future will hold, who can tell? Even Bezos doesn’t claim to know the answer. But from this Fool’s perspective, Bezos’ reasoning does have some merit. After all, Wal-Mart (NYSE: WMT) didn’t become the world’s largest and most successful retailer by jacking up prices on its customers. Rather, it cut costs whenever and wherever it could, and it passed the savings immediately on to consumers.