Amazon CEO Projects Potential for Two Trillion-Dollar Revenue Streams Within a Decade
During its third-quarter earnings report, Amazon CEO Andy Jassy expressed optimism regarding the long-term growth trajectory of the company's emerging business segments. Jassy noted that while no single business has ever achieved trillion-dollar annual revenue, Amazon is positioned to potentially develop two such massive revenue streams within the next five to ten years. The expansion strategy focuses on several high-growth sectors, including Grocery, Pharmacy, Amazon Leo, and Zoox. These newer ventures are reportedly progressing encouragingly as part of a broader effort to diversify beyond the company's core e-commerce and cloud computing foundations.
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Topics: autonomous vehicles business expansion earnings report grocery pharmacy revenue growth
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Part of the story Amazon Projects AWS Could Become a Trillion-Dollar Revenue Business Within a Decade (4 articles)