Decline in growth
Amazon’s revenue will increase up to 7% to $121.2bn. The Fact is, it doesn’t include the eCommerce business in the past months. Online sales on amazon shrank by 4%, the second quarter in a row of the decline in growth.
The company is still shielded by strength by its cloud computing division named AWS which generates sales by 33%. Amazon also spooked many investors for its online sales softened. As it also spends too much on hiring or adding warehouses for products which also increases with pandemic-era shopping.
https://newellclassic.com/news/amazon-and-apple-sales-up-despite/
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