4 ms·
The retail margins are about the same as walmart. They don't have some magic sauce in selling things. AWS is their real money maker.
by samfisher83 7y ago
The retail margins are about the same as walmart. They don't have some magic sauce in selling things.
AWS is their real money maker.
- Illniyar 7y agoAws was a blip on the rader for years when amazon was still one of the richest companies.
- samfisher83 7y agoLook at their retained earnings on the balance sheet. It really only started going up when aws started getting more popular. Amazon always had an insane valuation.
- fragmede 7y agoIt's a bit harder to see from the present, but the magic sauce they added 25 years ago was selling things on the Internet. Obvious today, and obvious in hindsight, but the road to here is littered with companies that tried the same but didn't make it.
- tomatocracy 7y agoWalmart is a good comparison. Amazon is in the volume game just like them.