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No, it's the opposite.


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https://www.fool.com/investing/2019/04/07/how-amazon-costco-...

https://www.businessinsider.com/amazon-web-services-cloud-on...

AWS makes all the money, everything else is marginal.

> Amazon Web Services, which accounted for about 89% of Amazon's $1 billion total operating profit this past quarter. That's despite AWS accounting for just 10% of the company's overall revenue during the same time frame.

> But despite all of this, Amazon generates just a fraction of its net earnings from e-commerce. Instead, Amazon's bread and butter is its cloud computing segment, Amazon Web Services (AWS).


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