₦airaland Forum

Sleekfingers:
Platform full of substandard products . I spit

Unfortunately Nigerian greed and dubious ways happened to them.

Thats why for companies, they need to study the market well and know the kind of vendors and customers they will be dealing with.

Beremx:
They will soon leave Nigeria too. If they can't survive in South Africa and Tunisia, na T-Pain administration dem wan survive?

Inukwa akuko?

You assume that the South African and Tunisian economies are stronger than Nigeria's.

Most Nigerians underestimate Nigeria.

The future belongs to Nigeria. Foreigners know it, but Nigerians themselves don't.

By the way, in the last 10 years, South Africa's total combined economic growth rate is 1%. That means the economy has not grown at all in 10 years. Their economy is stagnant.

In the same 10 year period, Nigeria, despite all its challenges has grown by over 15%.

Nigeria - big, strong, and powerful.

LegendHero:
Bro Amazon is profitable. The major reason they moved into cloud is simply coz they invested much into their own infrastructure to handle their online trade. Then at some point, major tech guys in USA rushed to cloud coz it was the new goldmine so Amazon keyed into it and then start selling their cloud space to others.

It’s just diversifying portfolio. It has nothing to do directly with an e-commerce site in Nigeria for example.

Jumia don’t need to create their own cloud platform? Why do that? When you can just plug and play into the Availability zone of existing cloud? Infact it will be more costlier for Jumia to maintain than them using existing cloud platform.

Amazon moving to cloud business is just akin to Dangote moving from cement to refining oil. It is portfolio diversification and nothing else.

The core platform itself is not profitable, though their third party seller platform is profitable. A lot of their profit comes from their AWS platform.

kettykin:
Amazon has barely made profit since it was founded. It is a very thin margin business.

However, Amazon's financial situation began to shift, and it started reporting consistent profits in the mid-2010s. The company's growth in its Amazon Web Services (AWS) cloud computing division significantly contributed to its profitability. AWS has been a major driver of Amazon's earnings, often offsetting lower margins in its e-commerce operations.

Today, Amazon is a profitable company, though its profit margins in retail remain lower compared to the high margins from services like AWS and advertising.

Since jumia is in the same line of e-commerce business like Amazon. The smart thing is to copy their cloud offerings and other services

pls always come with facts before typing

Amazon is profitable and their main source of income is still their ecommerce


https://ir.aboutamazon.com/news-release/news-release-details/2024/Amazon.com-Announces-Fourth-Quarter-Results/default.aspx

Zooposki:
The core platform itself is not profitable, though their third party seller platform is profitable.

who told you that

pls read their annual quarterly report

https://ir.aboutamazon.com/news-release/news-release-details/2024/Amazon.com-Announces-Fourth-Quarter-Results/default.aspx

motymop:
who told you that

pls read their annual quarterly report

https://ir.aboutamazon.com/news-release/news-release-details/2024/Amazon.com-Announces-Fourth-Quarter-Results/default.aspx

I’m not reading that long essay. Bold the required. Most of their e-commerce profit comes from their third party sellers, unless you did not differentiate between Amazon and their third party sellers.

post=132460733:
Children of hate frustrations and perdition that don't want to hear or see any good news about our darling country will soon start wailing, shouting na lie.

They have promised their miserable and frustrated life ton never read any good news concerning our darling naija.

Na dat bitterness and hatred go wound dem and every one on their family, n9 matter what part of the country they are from.

GOD BLESS NIGERIA 🇳🇬.

Slow and steady we will get to the nation of our dreams.

Very dumb you don finally they show your nitwit behaviour onye Ala you should also coerce your country to uphold their promises of being of a democratic and developed country instead of being the evil that propagates division .

NoIgboSoundTueh:
Na dindinrin from other side he just want to sound intelligent ignore him.

I don't think I've read a more stupid comment on this nairaland and that's saying a lot.
That guy is just dumb raised to power kilode

kettykin:
Jumia like Amazon is not supposed to be profitable. They should develop other strategy and streams of income like a cloud based business like aws. A streaming service etc. Warehousing and logistics business

You are largely correct.
Amazon as a retailer when analysed as a sum of its parts is loss making. What they have succeeded in doing is shifting majority of the retail to 3rd party to bear the loss, while they charge them fees for using their platform.

These fees are what is profitable. It can be compared to someone owning a market and collecting rent, while allowing traders compete at very low and loss making margins in the stalls.

LegendHero:
Unfortunately Nigerian greed and dubious ways happened to them.

Thats why for companies, they need to study the market well and know the kind of vendors and customers they will be dealing with.

I am telling you. ....I have patronizing them.

motymop:
pls always come with facts before typing

Amazon is profitable and their main source of income is still their ecommerce


https://ir.aboutamazon.com/news-release/news-release-details/2024/Amazon.com-Announces-Fourth-Quarter-Results/default.aspx

https://futurumgroup.com/insights/how-aws-boosted-amazons-q2-2024-earnings/

I did my research on Amazon and heard the owner talk about the e-commerce business arm

LegendHero:
What is the direct correlation between e-commerce and cloud service like AWS, Google Cloud, Azure, and etc?

By the way, what do you mean by “Amazon is not profitable”?

I am looking forward to a Naija e-commerce logistics service that will standardize using public transport as their courier service especially for parcel level deliveries. Insurance should be employed to improve the confidence of users and they should work with NURTW to make them a live logistics uber.

That will save lot of cost. You only need to care about the last mile

You and the 7 idiots that liked your comment Reminds me why I should never spend more than 20 minutes on this site.
The level of dumbness here can be contagious.

IyfeNamikaze:
You and the 7 idiots that liked your comment Reminds me why I should never spend more than 20 minutes on this site.
The level of dumbness here can be contagious.

Please enlighten me so I can rid myself of the dumbness.

Can you contribute to the discussion?

Beremx:
They will soon leave Nigeria too. If they can't survive in South Africa and Tunisia, na T-Pain administration dem wan survive?

Inukwa akuko?

Pain is that you.... Odehhh

LegendHero:
Source: https://punchng.com/jumia-exits-south-africa-tunisia-faces-nigeria-others/

Alot of citizens will glbe unemployed. This doesn't look good...

Could this be the reason why they Att@ck and H@te on me Davido
Watch video

https://www.youtube.com/watch?v=jPCwKFpiYpw

Zooposki:
The core platform itself is not profitable, though their third party seller platform is profitable. A lot of their profit comes from their AWS platform.

Both of them are profitable. E-commerce generated most of their revenue for North America than even AWS. But in terms of operating income, AWS is better.

Both segment are still profitable.

Don’t conflict Amazon USA with Amazon international.

If jumia commot from 9ja enter Tanzania.... Wailiers led by Peter obi for don deh wail since....

I know Nigeria is not presently at its best but things will get better....

No matter the wailing, things will not improve overnight so what else can a patriotic citizen do other than working, praying and hoping for the best?

Naija is more profitable to do business than some of these Africa countries.

LegendHero:
Both of them are profitable. E-commerce generated most of their revenue for North America than even AWS. But in terms of operating income, AWS is better.

Both segment are still profitable.

Don’t conflict Amazon USA with Amazon international.

Revenue is the amount of money a company receives from its primary business activities, such as sales of products and services.

Profit is Acquisition beyond expenditure; excess of value received for producing, keeping, or selling, over cost; hence, pecuniary gain in any transaction or occupation; emolument.

It's alright.

Zooposki:
I’m not reading that long essay. Bold the required. Most of their e-commerce profit comes from their third party sellers, unless you did not differentiate between Amazon and their third party sellers.

Read what you wrote. Shey e make sense to you?

If you are a seller on Amazon, they charge you fees like referral, fulfillment fees, storage fees, and etc. That’s how they generate their revenue from you.

Amazon won’t count your own personal sales as part of their revenue. So what exactly do you mean by third party sellers in the context of revenue?

You think if you’re counting the revenue of their third party sellers, you won’t be seeing >$1trillion in revenue?

Zooposki:
Revenue is the amount of money a company receives from its primary business activities, such as sales of products and services.

Profit is Acquisition beyond expenditure; excess of value received for producing, keeping, or selling, over cost; hence, pecuniary gain in any transaction or occupation; emolument.

Yes I know. That’s exactly why I told you both segment are profitable.

Can you provide your source that says Amazon e-commerce in North America is not profitable?

No Be Small Thing ooooo

Zooposki:
The core platform itself is not profitable, though their third party seller platform is profitable. A lot of their profit comes from their AWS platform.

Amazon e-commerce is profitable, very profitable. It's just the the larger chunk of Amazon's profit comes from their cloud services.

kettykin:
Jumia like Amazon is not supposed to be profitable. They should develop other strategy and streams of income like a cloud based business like aws. A streaming service etc. Warehousing and logistics business

Story. 75% of Amazon’s income comes e-commerce .

LegendHero:
Read what you wrote. Shey e make sense to you?

If you are a seller on Amazon, they charge you fees like referral, fulfillment fees, storage fees, and etc. That’s how they generate their revenue from you.

Amazon won’t count your own personal sales as part of their revenue. So what exactly do you mean by third party sellers in the context of revenue?

You think if you’re counting the revenue of their third party sellers, you won’t be seeing >$1trillion in revenue?

I meant Amazon does not generate profit from what they themselves sell, but their profit from their e-commerce platform comes from their third party sellers through the fees they charge them aka the bolded.

LegendHero:
Both of them are profitable. E-commerce generated most of their revenue for North America than even AWS. But in terms of operating income, AWS is better.

Both segment are still profitable.

Don’t conflict Amazon USA with Amazon international.

I thought we were talking about profitability and not revenue

Zooposki:
I meant Amazon does not generate profit from what they themselves sell, but their profit from their e-commerce platform comes from the bolded.

What do u do for a living?

kettykin:
Amazon has barely made profit since it was founded. It is a very thin margin business.

However, Amazon's financial situation began to shift, and it started reporting consistent profits in the mid-2010s. The company's growth in its Amazon Web Services (AWS) cloud computing division significantly contributed to its profitability. AWS has been a major driver of Amazon's earnings, often offsetting lower margins in its e-commerce operations.

Today, Amazon is a profitable company, though its profit margins in retail remain lower compared to the high margins from services like AWS and advertising.

Since jumia is in the same line of e-commerce business like Amazon. The smart thing is to copy their cloud offerings and other services

Beer parlour analysis.

Graduate of Tiktok and YouTube shorts university

BigIyanga:
Story. 75% of Amazon’s income comes e-commerce .

.I thought we were talking profitability and not revenue or income

Enemies
Why can't you start your business and not be profit oriented... retard!
Jeff Bezos created Amazon to be losing investment

kettykin:
Jumia like Amazon is not supposed to be profitable. They should develop other strategy and streams of income like a cloud based business like aws. A streaming service etc. Warehousing and logistics business