Dan Gallagher

speaker

617 appearances 15 recordings 1 series first heard Sep 2017 last heard Nov 2019

Dan Gallagher’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Amazon: Soon the World's Most Valuable Company · 6 Sep 2018 podcast

Apple's growth is really expected to be pretty

pretty slow over the next couple of years.

iPhone is still the largest business and unit sales are expected to be pretty much flat over the next two, three years.

The revenue growth they're seeing is mostly from, you know, higher prices for the devices and the, you know, some of the services they attach to those devices.

So, you know, and Apple's done a good job on that, but it's not anywhere near what the pace Amazon's expanding at.

And investors are really, are really

keen on the growth Amazon's delivering plus the improved profits they're bringing in.

Yeah, I mean, I think it was about 77% since the start of the year against Apple.

I think Apple's 14 or around the mid-teens there.

So yeah, the pace...

I mean, they've closed the gap in a tremendous way.

I mean, just a few years ago, Amazon was literally half the size of Apple, both in market value and in annual revenue.

And that, again, that's another thing that's going to change.

We think in the next year, Wall Street's estimates are that Amazon's actually going to overtake Apple in annual sales.

So this is a company that's getting big a lot quicker than Apple is, and investors have really been rewarding that.

And so I think the trend line's pretty clear.

Well, I mean, you know, if you think about it, you know, Amazon started as essentially an online bookseller, you know, and as it gained efficiency in that market, it added other things to the things that sold online.

But even if you went back just 10 years ago,

you know, Amazon was still primarily an online retailer.

It was just kind of dipping, it hadn't really yet dipped its toes into like even devices like the first Kindle e-reader and this, you know, it had launched this thing that called, they called Amazon Web Services at the time, that's AWS.

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