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Jassy: AWS and Amazon stores could each hit $1T revenue

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Amazon CEO Andy Jassy said AWS and the company's stores business could each reach $1 trillion in annual revenue within five to 10 years. AWS is running at a $184 billion annualized rate after 39% third-quarter growth, with a $578 billion contracted backlog; stores sales were $309 billion over the past 12 months. Amazon expects about $220 billion in capital spending this year, mostly for AWS. The $1 trillion figures are Jassy's projection, not reported results.

AI-generated from reports · 3 hours agoUpdate

Latest updatesOct 30 09:08
Andy Jassy Predicts Amazon Could Have Two $1 Trillion Businesses Within a Decade

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Oct 30
  1. GeekWire
    Andy Jassy Predicts Amazon Could Have Two $1 Trillion Businesses Within a Decade

    Amazon CEO Andy Jassy said AWS and Amazon's stores business could each reach $1 trillion in annual revenue within five to 10 years. AWS is at a $184 billion run rate after 39% third-quarter growth, with a $578 billion contracted backlog, while stores sales totaled $309 billion over the past 12 months. Amazon expects about $220 billion in capital spending this year, mostly for AWS.

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