1. Amazon: Started in 1997, Amazon has become a major player in the e-commerce industry. Despite occasional losses and challenges, Amazon has managed to secure a spot as the market leader in North America, with a 40% share. The company has also been profitable since 2016, largely due to its expansion into cloud computing.
2. Apple: In 1980, Apple was on the verge of going bankrupt. However, under the leadership of Steve Jobs, the company managed to make a comeback. Its revenue and overall growth have been linked to the launch of the iPhone in 2007. This product has been responsible for more than half of Apple’s revenue, although its growth has been stagnant since 2015.
Apple’s recent launch of Apple Intelligence could potentially revive growth. 3. Tractor Supply: Unlike the tech giants, Tractor Supply is a brick-and-mortar retail company. Its success has stemmed from its customer-centric approach, unique offerings, and focus on rural markets. Despite the challenges posed by online retail giants like Amazon, Tractor Supply has managed to carve out a niche for itself and has turned a few small investors into near-millionaires.
In conclusion, all three companies have managed to create significant wealth for investors by offering unique and practical products or services. They have also demonstrated their ability to adapt and evolve over time, which has been key to their success.