Prediction: This Will be Amazon's Next Big Move
Amazon (NASDAQ: AMZN) has proven its ability to build leading businesses, with the key examples being its dominance in e-commerce and cloud computing. The company, which first sold books online, expanded over the years into grocery, mass merchandise, and more -- and anchored the business in people's daily lives through its Prime membership program.
As for cloud, Amazon Web Services (AWS) launched in 2006 and has since developed a vast portfolio of services -- in fact, it's the world's biggest cloud provider. All of this has helped Amazon's earnings climb over time, and in each case, the company has benefited from gains in return on invested capital. So, Amazon has demonstrated its ability to make the right moves.
Now, based on a few clues Amazon chief Andy Jassy has given us, my prediction is this will be Amazon's next big move...
Source Fool.com
