Villages Kahuna
04-01-2023, 11:16 AM
What most people don’t know is how Amazon makes money. Most think that they make most of their money selling “stuff” on the Amazon website. Not true. Their overall sales are growing rapidly. But revenues from AWS, Amazon Web Services is growing even faster.
Amazon’s web services are the largest cloud infrastructure in the world. Their services are offered in 26 regions globally and have more than 200 services, ranging from core computing and storage to AI tools and low-code or no-code solutions for products and app developers. The contribution of AWS to the company’s overall revenue has consistently increased.
In 2022, about one-third of Amazon’s sales came from cloud-based services. Sales associated with their fast-growing Prime membership products and services are not separated in their financial statements. But a reasonable estimate is that Amazon’s sales of “stuff” is only about half of the company’s total sales.
Amazon’s web services are the largest cloud infrastructure in the world. Their services are offered in 26 regions globally and have more than 200 services, ranging from core computing and storage to AI tools and low-code or no-code solutions for products and app developers. The contribution of AWS to the company’s overall revenue has consistently increased.
In 2022, about one-third of Amazon’s sales came from cloud-based services. Sales associated with their fast-growing Prime membership products and services are not separated in their financial statements. But a reasonable estimate is that Amazon’s sales of “stuff” is only about half of the company’s total sales.