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    The Why Axis Amazon Revenue chart showing Amazon's leadership in cloud services The fastest-growing sectors are the Amazon Web Services (AWS) cloud, and subscription services, including Amazon Prime, Amazon Music, and Prime Video. Prime memberships got another price hike last year from $99 to $119 annually, and it shows: Subscription revenue is up 37 percent year over year to $4.7 billion. It's still comparatively small compared to Amazon's mammoth e-commerce revenue, but as with Apple, Amazon's prolonged investment in its services business is paying off. The company spends billions each year financing new original films and series (as well as licensed content) through both Prime Video and its Amazon Studios arm. The escalating war for original streaming content is ramping up as Amazon competes with not only Netflix and Hulu but also Apple TV+, Disney+, HBO Max, and more. But if any company can afford the competition, it's Amazon. The tentacles extend further. Amazon also owns live game-streaming platform Twitch, audiobook company Audible, film website IMDb, and scores of other companies-e-commerce and retail, software and services, pharmaceuticals, and beyond. Another company Amazon owns is smart home security provider Ring. As Motherboard(Opens in a new window) has reported, the video surveillance company is marketing its tech not only to consumers but also to local governments and police departments across the country to advertise, distribute, and use Ring products. The company is also equipping police with facial recognition tech(Opens in a new window) through its Rekognition service, further extending its reach into government and law enforcement services. If Amazon's power and revenue have bounds, the company hasn't found them yet. PCMag Logo Amazon employees call out company's climate practices, breaking company policy designer bags cyber monday

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