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AWS carried Amazon out of mediocrity in 2008. It accounts for something like 70% of operating revenue. What does 'overtake' mean?
by reallydude 8y ago
AWS carried Amazon out of mediocrity in 2008. It accounts for something like 70% of operating revenue. What does 'overtake' mean?
- gergi 8y agoI'm not sure how Amazon was mediocre by any measure in 2008 but your second statement is incorrect - AWS only accounts for ~10% of Amazon's revenue. https://venturebeat.com/2019/01/31/amazon-earnings-q4-2018/ https://venturebeat.com/2019/01/31/amazon-earnings-q4-2018/
- reallydude 8y ago> how Amazon was mediocre by any measure in 2008 History is there for analysis. The stock falling to April2007 levels in Sept2008 showed serious volatility and hadn't yet declared profits that carried it above Sun and Toy R Us yet. It was somewhere in the top 300 profitable companies. It was still carrying the HUGE debt load that they have been carrying over to enable yet another tax free year in 2018, despite another record year. Quite a bet to make that they would be successful where AWS was just exiting beta. It was completely orthogonal to their barely-on-track online retail business model. It was a meh company and the stock price reflected that.
- riku_iki 8y ago5B out of total 60B for last Q = 8%, not 70%.