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A comment on Tesla (TSLA) surpasses BMW's valuation as one soars and the other slips. Parent comment

Re:Tesla (TSLA) surpasses BMW's valuation as one soars and t... by moorhosj on Thursday November 08, 2018 @12:02PM (#18407743)
AMZN has reported $6.15 billion of profits over the past year. [1]

AAPL has reported $185 billion of profits over the past year (30x that of AMZN). [2]

AMZN has an $865 billion market cap and AAPL has a $980 billion market cap.

[1] https://finance.yahoo.com/quote/AMZN/financials?p=AMZN

[2] https://finance.yahoo.com/quote/AAPL/financials?p=AAPL

[ Parent | on HN ]
Re:Tesla (TSLA) surpasses BMW's valuation as one soars and t... by ckastner on Friday November 09, 2018 @03:25AM (#18413066)
(Side note: your profits for AAPL are way off, they should be around $58 billion)

This is an interesting comparison, but I don't think it is an applicable one.

Amazon and Apple run vastly different business, whereas BMW and Tesla compete entirely within the same market (even market segment).

Furthermore, Amazon is infamous for being an outlier with regards to profit reporting, but this was generally understood to be a financially engineered situation rather than a lack of success. If I recall correctly, in 2016 or so AWS became so successful that the profits it generated couldn't be engineered away anymore, hence why we're seeing billions of profits (after 20 or so years without them).

[ Parent | on HN ]