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Keep in mind that while the store brings in a majority of revenue, it provides less than 20% of operating income. A majority of operating income comes from AWS
by stephenhuey 2y ago
Keep in mind that while the store brings in a majority of revenue, it provides less than 20% of operating income. A majority of operating income comes from AWS (which provides less than 20% of revenue).
https://www.fool.com/investing/2024/01/10/amazon-e-commerce-company-74-profit-this-instead/ https://www.fool.com/investing/2024/01/10/amazon-e-commerce-...
- machomaster 2y agoForget about AWS and simply compare Amazon with other offline/online/mixed stores. "In 2023, Amazon accounted for 37.6% of all e-commerce sales in America, which was light-years ahead of second-place Walmart at 6.3%." Amazon is highly successful even without AWS.