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Andy Jassy’s prediction: Amazon could have two $1 trillion businesses within a decade
Amazon CEO Andy Jassy says AWS and the company's stores business could each reach $1 trillion in annual revenue in the next five to 10 years, something no business has ever done.
AI Summary
Amazon CEO Andy Jassy predicts that both Amazon Web Services and the company’s retail stores could each generate $1 trillion in annual revenue within the next five to ten years, a milestone no business has achieved before. He notes AWS currently runs at a $184 billion annual rate and expects growth of more than 40 percent in both 2027 and 2028. The forecast implies that the cloud and retail segments are each slated to expand dramatically to reach the trillion‑dollar mark.
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