How Does Amazon Make Money?
Originally a small online bookstore started by Jeff Bezos, Amazon (NASDAQ: AMZN) has grown into a global e-commerce and cloud computing giant with diverse, ever-expanding operations.
This has, broadly speaking, been a banner year for the company despite continued uncertainty in the general economic landscape. Key segments like the cloud computing business Amazon Web Services (AWS) have delivered robust financial growth, while more nascent segments like advertising are continuing to grow rapidly.
Amazon has continued to intensively focus on developing and deploying artificial intelligence (AI) and robotics to keep pace with technological innovation across its vast operations network and in customer-facing products. For example, the company has integrated over a million robots into its facilities to work alongside employees as it aims to boost productivity, improve safety, and accelerate delivery speeds.
Source Fool.com
