"Next quarter for all practical purposes is done already and it has probably been done for a couple of years"

In a talk at the Internet Association’s annual gala last week, Bezos was talking about what makes his e-commerce and cloud company tick. As well as being customer focused, the CEO also said that the company is “long-term oriented”.

“I ask everybody to not think in two-to-three-year time frames, but to think in five-to-seven-year time frames,” Bezos told an audience in Washington, D.C.

“When somebody … congratulates Amazon on a good quarter … I say thank you. But what I’m thinking to myself is … those quarterly results were actually pretty much fully baked about 3 years ago. Today I’m working on a quarter that is going to happen in 2020. Not next quarter. Next quarter for all practical purposes is done already and it has probably been done for a couple of years.”