Reported about 10 hours ago
Amazon.com, often perceived purely as a retailer, has evolved into a complex business where its cloud computing division, Amazon Web Services (AWS), is its most profitable segment. While the company generated $61.6 billion in product sales, its service-based revenue significantly outstripped this at $86.4 billion. This transformation highlights that Amazon is increasingly a technology-oriented company, despite its prominent retail identity.
Source: YAHOO