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Jeff Bezos: AWS Will Break $10 Billion This Year (windowsitpro.com)
v3rgEz writes: Jeff Bezos is bullish on the cloud, pegging AWS' sales for this year at $10 billion in a recent letter to shareholders. But he said there was a surprising source of that success: The company's willingness to fail. That said, with AWS now spanning 70 different services, Amazon can afford to fail some as long as few, like EC2 and S3, keep winning. Bezos wrote: "One area where I think we are especially distinctive is failure. I believe we are the best place in the world to fail (we have plenty of practice!), and failure and invention are inseparable twins. To invent you have to experiment, and if you know in advance that it's going to work, it's not an experiment. Most large organizations embrace the idea of invention, but are not willing to suffer the string of failed experiments necessary to get there."
I wonder if the AWS business will actually lead Amazon to make a profit, I've read so much about how they never make a profit in the news, I seriously wonder if this could be the tipping point (product).
Perhaps what we are talking about here is TAXABLE profit? Amazon, among others, have been in the news for not paying any tax due to what can best be described as trickery. Legal, but not morally right - in the sense that if you benefit (eg. as in making money) from a nation or other group of entities, then it is right that you pay for it to that nation/group of entities. Actually, this is a basic principle in business; there wouldn't be any business, if only one side profited from the relationship.
Kindles are just a rip off of the iPad.
Not really like for like, except for the Fire but it's not really a Kindle in my opinion. Anyway, the first Kindle was about 3 years before the first iPad.