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by adventured
3886 days ago
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They'll remain linked for at least another decade. Bezos can now lean on AWS to print money that he can funnel into numerous other expeditions. He won't let go of it any time soon, he has been seeking a big money maker for some time (see: efforts in search, auctions, advertising, phones - where the leaders have generated sizable profits). Why did Amazon launch a semi-high priced phone (rather than stay consistent to the traditional low price strategy)? Bezos was hoping it would spit off a few billion a year in profit, and they'd finally have a big cash fountain to swim in like his competitors in tech. In four to six years AWS will be a $150-$200 billion company in terms of valuation. It'll be capable of generating $4 or $5 billion in operating profit in that time frame. It'll likely pass Facebook in terms of sales within 36 months, and Facebook is worth $292 billion. |
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