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Originally Posted by JustRalph

https://www.cnbc.com/2018/02/01/amaz...s-q4-2017.html

1.9 Billion in net income in 4th quarter

I remember the days where analyst said they would never turn a profit

Over 700 million benefit from Trump tax plan.

And in a report issued essentially the same time Apple reported $60 billion for their Q1 2018 which covers nearly the identical period.

Two companies with reasonably close market caps.

Outside of cloud services, Amazon continues to operate as a non-profit. It makes them a feared competitor in any space but that is hardly an endorsement for them as an investment.

Amazon isn’t Tesla. I wouldn’t short them. But their market cap is built on a generally accepted idea that they will be able to “someday” turn their incredible revenue into actual profit. I question that.

I think the day they start booking meaningful profit, revenue begins dropping along with the stock.

I’m not sure Bezo’s has any intention of ever letting that happen.