Didn’t know Amazon revenue > Apple. Good for you folks! How come it isn’t even a 2T company? TC 300K
Margin is what matters. Amazon sells so much e-commerce at paltry margin while apple sells high end hardware for north of 50-60% margin
Services is 70%, twice as much as hardware.
Op. Amazon revenue has been >Apple for so many quarters now.
Retail revenue is not actually true revenue.
Who’s gonna tell op the truth?
You do the honors
If I buy rice worth $1T from some farmer and sell it to blinders for $1.00001T will I have more market cap than apple?
No. But the farmer who sold you the rice for 1T will have more market cap.
walmart revenue > amazon revenue whats the point?
Apple has higher margin
It is not about revenues. It is about future free cash flow projection. And the story everyone believes in for the next 10 years. Walmart might also have very high revenues BTW.
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