Amazon Web Services, the cloud arm of Amazon.com, Inc AMZN, was hogged some much deserved limelight as the Jeff Bezos-founded tech and retail giant unveiled its second-quarter numbers.
The e-commerce giant’s AWS-origin revenue came in at $19.7 billion versus the $19.56 billion expected by the Street.
Operating income from AWS was reported at $5.7 billion in the period. These numbers assume significance as Andy Jassy, who last year replaced Bezos as CEO, has a AWS pedigree.
See Also: How To Buy Amazon (AMZN) Shares
The Investment: A significant milestone for AWS was the launch of Simple Storage Solution or S3 — an object storage service. It was launched on March 14, 2006 and is thought to be the company’s first mass-market product.
To many at Amazon, the launch of S3 is the day marked as the birth of AWS itself. Should an investor have taken a shine to Amazon stock and invested $1,000 in the company’s stock when it launched S3 over 16 years ago, here's how much they’d have now:
| Investment | Date Of Purchase/Listing | Purchase Amount | Purchase Price | Units/Shares Obtained | Worth If Coins/Shares Return To ATH | Percentage Change |
|---|---|---|---|---|---|---|
| Amazon.com, Inc (AMZN) | March 14, 2006 | $1000 | $1.85 | 540.54 | $66,097.30 | 6509.73% |
Our hypothetical investor would have transformed $1000 into nearly $66,097, a gain of 6509.7% if they banked on Amazon’s cloud foray.
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