What is Amazon’s biggest source of profit?
It’s their cloud computing company, Amazon Web Services, known as AWS.
AWS generates 74% of Amazon’s profit from just 16.1% of revenue, thanks to its high profit margin.
AWS’s biggest customer: Netflix.
It’s their cloud computing company, Amazon Web Services, known as AWS.
AWS generates 74% of Amazon’s profit from just 16.1% of revenue, thanks to its high profit margin.
AWS’s biggest customer: Netflix.
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AWS also has several government contracts pulling in billions.