Is Web Services Amazon's Real Business?

Give it a few years, and retail may become a side project at Amazon.com (NASDAQ: AMZN  ) , Fool contributor Tim Beyers says in the following video.

We know because Amazon says so. At a recent conference to roll out significant upgrades to Amazon Web Services, Senior Vice President Andy Jassy told the gathered crowd that CEO Jeff Bezos believes AWS could become Amazon's biggest business. That day is likely to be a few years off, Tim says, but the products and projections we're seeing in the meantime are astounding. Analysts at Evercore Partners figures AWS will generate $8 billion in revenue and be worth $50 billion in market value by 2015.

In the meantime, AWS is pushing boundaries with new products such as AppStream for real-time gaming in the cloud and Kinesis for collecting and analyzing Big Data in real time, all in a hosted environment that requires no upfront investment in infrastructure. Tim says the potential for these services is extraordinary and should push cloud rivals to innovate.

Do you agree? Are you using more Amazon Web Services now than last year at this time? Please watch the video to get Tim's full take, and then leave a comment to let us know where you stand.

Two more stocks that could change your life
We name Amazon as one of our favorite long-term bets in the special free report, "3 Stocks That Will Help You Retire Rich." Interested to learn the identities of the other two? Click here to grab your free copy and we'll not only reveal their names but we'll also show you strategies for building wealth that lasts a lifetime.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2744543, ~/Articles/ArticleHandler.aspx, 10/22/2014 5:46:46 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement