testeronious@lemmy.world to Technology@lemmy.worldEnglish · edit-28 months agoBig Tech has already made enough money in 2024 to pay all its 2023 finesproton.meexternal-linkmessage-square13fedilinkarrow-up1553arrow-down135cross-posted to: technology@beehaw.org
arrow-up1518arrow-down1external-linkBig Tech has already made enough money in 2024 to pay all its 2023 finesproton.metesteronious@lemmy.world to Technology@lemmy.worldEnglish · edit-28 months agomessage-square13fedilinkcross-posted to: technology@beehaw.org
minus-squarefarcaster@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down1·edit-28 months agoNot OP but just letting people know this kind of data is easily available for public companies: https://www.macrotrends.net/stocks/charts/AMZN/amazon/operating-margin Less than 5% is definitely considered low-margin. Apple manages >40% by comparison. Although Amazon’s half a trillion dollars of revenue still turns that into a big pile of cash of course.
Not OP but just letting people know this kind of data is easily available for public companies: https://www.macrotrends.net/stocks/charts/AMZN/amazon/operating-margin
Less than 5% is definitely considered low-margin. Apple manages >40% by comparison. Although Amazon’s half a trillion dollars of revenue still turns that into a big pile of cash of course.