As you may already know, I am a big fan of Amazon. I do most of my shopping there with my Amazon Prime account (2 day free shipping), I host all of my web applications on their Web Services infrastructure, and I evangelize the hell out of them. And it looks like I'm not alone. This post on Mashable has some interesting financial tidbits:
Amazon's revenue rose 41% versus the same quarter last year, the number of files stored on S3 has double in six months to 10 billion, 25,000 developers signed up for AWS in the past quarter bringing the total to 290,000, and sales from Amazon retail affiliates made up 32% of sales.
Now if that's not diversification paying off, I don't know what is. Now why I didn't buy a boatload of Amazon stock when I first heard about Amazon Web Services is beyond me especially because I knew it was going be huge.
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Just read on