How Amazon beats Apple.
Amazon: delivering a huge market cap with only a tiny net income.
Latest quarterly results from Amazon and Apple -
- Amazon $82 million net income, $124 billion market cap.
- Apple $9.5 billion net income, $383 billion market cap.
This trend of tiny net income with a huge market cap for Amazon has been going on for many years.
Perhaps Amazon is mining Bitcoins in secret with its huge AWS infrastructure.
Crazy, crazy Amazon.