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It's basically the opposite? The retail business funds all the other projects. That's starting to shift, but only recently.
by ajkjk 8y ago
It's basically the opposite? The retail business funds all the other projects. That's starting to shift, but only recently.
- hellllllllooo 8y agohttps://www.fool.com/investing/2019/04/07/how-amazon-costco-and-alphabet-really-make-their-m.aspx https://www.fool.com/investing/2019/04/07/how-amazon-costco-... https://www.businessinsider.com/amazon-web-services-cloud-online-shopping-profits-chart-2017-5 https://www.businessinsider.com/amazon-web-services-cloud-on... AWS makes all the money, everything else is marginal. > Amazon Web Services, which accounted for about 89% of Amazon's $1 billion total operating profit this past quarter. That's despite AWS accounting for just 10% of the company's overall revenue during the same time frame. > But despite all of this, Amazon generates just a fraction of its net earnings from e-commerce. Instead, Amazon's bread and butter is its cloud computing segment, Amazon Web Services (AWS).