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Monday, Dec 31
2012, 12:38 PM
"At the highest levels of this company, we believe that it’s quite possible that AWS ends...
"At the highest levels of this company, we believe that it’s quite possible that AWS ends up being the largest business in Amazon," declares Amazon Web Services (AMZN +1.1%) head Andy Jassy, comparing the arrival of cloud infrastructure services to the replacement of independent power generation with an efficient/scalable national grid. Amazon doesn't share details about AWS' financials, but analysts estimate 2012 sales will total $1.5B-$2B: while up sharply from estimated 2011 levels, that's still a small fraction of the $62.1B in total sales Amazon is expected to post this year. (more)