Two days ago, I started this post:
As I mentioned before, Amazon’s business strategy looks like cheating:
- Sell product for a loss
- Sell a lot of that product
Amazon lost money for many years.
Their most recent financials show them making 3% profit.
That is not very much.
By comparison, Apple makes ~25% profit (though Apple is on the high side of the spectrum).
…then, just today, this report came out:
Perhaps I was on to something.