Amazon's e-commerce sales account for 62% of total sales in Q1 2024, with other growing segments.

From Nasdaq: 2024-05-24 17:50:00

Amazon has grown significantly over the years, with its e-commerce business accounting for 62% of total sales in Q1 2024. AWS, the largest cloud computing company, is a key revenue driver. However, advertising is its fastest-growing segment and “other” includes potential growth areas like healthcare.

Investors should note that while e-commerce remains vital to Amazon’s total business, AWS is the main profit generator. Advertising is experiencing rapid growth, and the “other” category is where new business ventures are incubating. This diversified model allows Amazon to continually invest in future growth opportunities.



Read more at Nasdaq: How Much of Amazon’s Sales Come From E-Commerce?