First, take a moment to enjoy the most beautiful chart in business history: What’s even wilder than how gorgeous this chart is, is the fact that the mix-shift of revenue is changing in a highly positive way. Every single year (nay, quarter) a growing portion of Amazon’s revenue is derived from its more profitable segments. Lots more coming on that below.
Thanks for this! Great write-up on Amazon. I found particularly interesting how you pointed out that the money-loosing businesses of Amazon actually play their role in prodding the profit-making businesses.