The Average Purchasing Power of Europeans in 2022 Is €16,344
The average per capita purchasing power in Europe in 2022 is €16,344. However, there are tremendous differences among the 42 countries.
Amazon's third quarter earnings beat analyst expectations in terms of revenue. The e-commerce behemoth reported total sales of $43.74 billion for the three months ending September 30, up from $32.71 billion in Q3 2016. Net profit was basically flat at $256 million.
As chart illustrates, profit is mainly driven by its highly profitable cloud business these days. Amazon Web Services accounted for more than 300 percent of the company’s operating profit in the past quarter because the rest of Amazon's business actually ran a deficit. The fact that AWS accounted for little more than 10 percent of the company’s revenue at the same time, illustrates how high the operating margin is in the cloud segment compared to Amazon notoriously low-margin e-commerce business.
For many years, Amazon has reinvested nearly every dollar it earns into its own growth. And even now that the cloud segment is making so much money, it seems like Jeff Bezos isn't running out of ideas to reinvest most of it.
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