Is Web Services Amazon's Real Business?
Give it a few years, and retail may become a side project at Amazon.com , 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.
The article Is Web Services Amazon's Real Business? originally appeared on Fool.com.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's Web home and portfolio holdings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends Amazon.com and owns shares of Amazon.com and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.