Great breakdown as usual. Amazon has long dominated in e-commerce sales, but appears to be overly dependent on extremely low-margin business which is clearly saturated and has few major competitors in the US.
The fact that AWS doesn't make up even 1/3 of the gross revenue for the quarter is unexpected, considering how much advertising and hype was pumped into their tv and streaming strategy. I watched The Rings of Power show, which was overall pretty well-written. The fact that it cost Amazon over $1B is insane, though, because they aren't going to recoup that expense through their streaming video on Prime.
Would be interesting to see how many more years Amazon can afford to spend as they have, without selling new bonds or shares to finance future growth. As the US economy implodes, spending on cloud computing will decline drastically, and AWS will be hit hardest as they are the world's leader.
Great breakdown as usual. Amazon has long dominated in e-commerce sales, but appears to be overly dependent on extremely low-margin business which is clearly saturated and has few major competitors in the US.
The fact that AWS doesn't make up even 1/3 of the gross revenue for the quarter is unexpected, considering how much advertising and hype was pumped into their tv and streaming strategy. I watched The Rings of Power show, which was overall pretty well-written. The fact that it cost Amazon over $1B is insane, though, because they aren't going to recoup that expense through their streaming video on Prime.
Would be interesting to see how many more years Amazon can afford to spend as they have, without selling new bonds or shares to finance future growth. As the US economy implodes, spending on cloud computing will decline drastically, and AWS will be hit hardest as they are the world's leader.