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Amazon’s profits down
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Amazon’s profits down
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4th February 2017, 13:53
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,578
 |  Amazon’s profits down Online bookseller Amazon is predicting an unexpected dip in operating profit for the current quarter, due to concerns about the costs of investments including new warehouses and video content. The world’s largest online retailer also reported lower-than-expected fourth quarter revenue and missed Wall Street targets for its cloud computing unit. The Seattle-based company is spending heavily to take greater control of package delivery and to expand its video service around the world. It wants to promote sign-ups for Amazon Prime, its $99-per-year shopping club, which leads to users buying more goods, more often. http://www.techeye.net/business/amazons-profits-down |
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