Quote:
Originally Posted by fjtorres
Really?
Amazon doesn't make money?
That tired myth again?
Netflix doesn't make money?
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No, I said Amazon makes so much from AWS that the retail and streaming can be a hobby. Amazon artificially didn't make profits from retail as they ploughed 100% into AWS and acquisitions.
I have NEVER ANYWHERE EVER suggested Amazon doesn't make money. Absolutely the reverse.
https://en.wikipedia.org/wiki/List_o...ions_by_Amazon
Amazon are in the league of Google/Alphabet and Apple for profitability.
Amazon: Services/Cloud + Retail (AWS is now bulk)
Google: Adverts + Services/Cloud (Adverts massively the main thing)
Apple: Margin on iPhone, iPad, Watch + Services (rising fast). The Mac is almost irrelevant to them for 10 years.
Google's main Advert competitor is Facebook, and for Services is Amazon and Microsoft.
Netflex is not profitable and is a one trick pony. They don't have the long term resources to compete with Amazon and Disney.
My point is that video streaming is now a crowded market and only companies that have big alternate resources and/or content (Amazon, Disney etc) will survive.