6 ms·
No, it's the opposite.
by gergi 7y ago
No, it's the opposite.
- hellllllllooo 7y 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).