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Amazon generating profits in new ways

Recently,"the amount of bandwidth used by Amazon Web Services, which includes cloud computing and server storage space, recently surpassed the bandwidth used for its retail business," says founder Jeff Bezos, in a recent Seattlepi article. Amazon has become much more than just a place to buy books: people sell shoes, cars, food, you name it. But even more significant is the fact that over 30% of units sold are 3rd party sellers, which would imply that these businesses are paying Amazon a hefty price for allowing them to store their data on Amazon.

In addition, the introduction of the Kindle Reader will continue to spark new interest in consumers, and more importantly stands to prove that Amazon isn't running out of new, techy, ideas anytime soon.

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