📈 Amazon's Service Sales Outpace Product Sales by 34% in 2024

Since 2022, Amazon’s service sales have exceeded product sales, reaching $366 billion in 2024—34.3% higher than product sales. While product sales grew at a 16.8% compound annual growth rate (CAGR) from $30.8 billion in 2010 to $272.3 billion in 2024, service sales surged at a 39.6% CAGR, rising from $3.4 billion in 2010 to $365.6 billion in 2024.