Re: Amazon (AMZN) / Jeff Bezos
Posted: Wed Dec 27, 2017 11:38 am
not vested
Best Stocks to Buy for the Next Decade: Amazon (AMZN)
Not only is Amazon.com, Inc. (NASDAQ:AMZN) CEO and founder Jeff Bezos a great chief executive, but Amazon has its hands in so many pies — including a very profitable cloud business that generates almost $1 billion in annual operating income — that it’s hard to fathom just how big Amazon could be a decade from now.
While Amazon’s AWS cloud business is a big deal, Amazon Prime is the service that delivers the goods when it comes to building the foundation for AMZN stock. More than 100 million people subscribe to Amazon Prime at $99 per year.
It’s not the $9.9 billion in annual subscription revenue that matters, but the amount each of those subscribers spends on other Amazon products.
Statistics show that 76% of Amazon Prime members spend more than they did before paying the annual $99 fee.
That’s what you call “pulling power,” and it’s a big reason why AMZN stock will be a winner for the long haul.
Source: Investor Place
Best Stocks to Buy for the Next Decade: Amazon (AMZN)
Not only is Amazon.com, Inc. (NASDAQ:AMZN) CEO and founder Jeff Bezos a great chief executive, but Amazon has its hands in so many pies — including a very profitable cloud business that generates almost $1 billion in annual operating income — that it’s hard to fathom just how big Amazon could be a decade from now.
While Amazon’s AWS cloud business is a big deal, Amazon Prime is the service that delivers the goods when it comes to building the foundation for AMZN stock. More than 100 million people subscribe to Amazon Prime at $99 per year.
It’s not the $9.9 billion in annual subscription revenue that matters, but the amount each of those subscribers spends on other Amazon products.
Statistics show that 76% of Amazon Prime members spend more than they did before paying the annual $99 fee.
That’s what you call “pulling power,” and it’s a big reason why AMZN stock will be a winner for the long haul.
Source: Investor Place