DonnaMay
2022-09-01

$Amazon.com(AMZN)$AMZN is rapidlyentering the healthcare sector, which was worth $808 billion in the U.S. alone last year, according to one estimate. I believe that, by 2030, Amazon could get 5%-10% of the total healthcare market by getting into the telehealth and prescription markets.

Add in some overseas healthcare revenue, and we’re talking about a business that could easily generate $100 billion of annual revenue for AMZN within five years, moving the needle a great deal for the company and its shares.

As I’ve noted in previous columns, I believe that Amazon’s new CEO, Andy Jassy, is much “hungrier” for success than his predecessor Jeff Bezos. Consequently, AMZN’s forays into businesses other than the cloud and e-commerce are far more likely to bear fruit in the coming years than in the past decade.

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Comments

  • smee
    2022-09-03
    smee
    good write up
  • HelenJanet
    2022-09-03
    HelenJanet
    Thanks for sharing 👍😊
  • CK11
    2022-09-03
    CK11
    ok
  • TheEndIsNear
    2022-09-03
    TheEndIsNear
    👍
  • RG3
    2022-09-03
    RG3
    👍🏻
  • kktan
    2022-09-03
    kktan
    ok
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