Amazonâs conference call is the worst I have listened to. Only the IR guy and CFO attended. Itâs short and no overview at the beginning. Just straight to Q&A.
So itâs all just backward looking. No execs to give any guidance on where the companyâs iniatives are. Thatâs partly why people freaked out over the higher investment number. Investing on what exactly? They just give some generic answer like AWS.
Heard a guy on a podcast said that Amazon is the American tech company thatâs closest in style to Chinese tech companies like BABA and 10c. He meant that Amazon doesnât restrict itself to any one industry and doesnât mind tackling completely new industry. Thatâs what being customer centric means: solves whatever problem your customer has.
Compare that to a design centric company like Apple. It designs beautiful things customers donât even know they want. Apple then explains to you why you canât live without the new things.
You realize telling all in a public forum is literally handing your competition your playbook. You lose any competitive edge from surprise. While that might not be great for investor feelings, itâs smart strategy. Steve Jobs was famous for how little heâd allow disclosed.
Jeff is now openly evil? Sell! Wait, got only 1, well, donât buy.
Sell? I think AMZN has reached its pinnacle Going forward, plenty of highly competent competition for e-commerce from established retailers such as WalMart, and for cloud computing infrastructure from Microsoft, and Google. Donât quote past performance, people learn, businesses learn. People do get complacent/ cocky, businesses do likewise.
IMO, AMZN is still have some growth with current price, but I will sell AMZN in next 2 to 3 weeks with market.
Cloud infrastructure or ERP financials, once a customer migrates, it is difficult to move out. Those customers need to stay and pay for the service.
AMZN will have strong money power to buy/merge the cloud providers to survive for long. This is the benefit of higher cash access, esp for all cash rich tech stocks. Long term, AMZN is good.
Customers are not dumb. They will force and petition for interoperability.
Small nimble startups would disrupt the established incumbents, businesses that hang on to the old slowly improving platform will find their businesses get disrupted too.
I am not telling customers are dumb. Even with interoperability (which AWS is), customers moving away from reliable infrastructure is tough. It takes 3 to 12 months, depending on data, to migrate and it affects company operations.
No CEOs or CFOs ready to take such project in any operational environment as they have pressure to show quarter to quarter results. The cost benefit vs Risk is huge that may eventually result into their seat, this is very common to small, medium companies and startups.
I work on a few infrastructure/ platform migration many decades ago Short term, canât change much, medium term, can change a little, long term, anything go, businesses would migrate to a new web infrastructure/ platform. AWS is much better than the first generation of dumb web hosting. A new generation of web infrastructure/ platform should be much better than AWS.
These businesses would be disrupted and would be replaced by startups
Going forward, plenty of highly competent competition for e-commerce from established retailers such as WalMart, and for cloud computing infrastructure from Microsoft, and Google. Donât quote past performance, people learn, businesses learn. People do get complacent/ cocky, businesses do likewise.
Short term, canât change much, medium term, can change a little, long term, anything go, businesses would migrate to a new web infrastructure/ platform. AWS is much better than the first generation of dumb web hosting. A new generation of web infrastructure/ platform should be much better than AWS.