- AMZN reported Q3 revenue of $110.81 billion and $4.9 billion of operating income which was within its forecasted range from Q2 yet Q3 is being classified as a miss.
- Cloud services infrastructure is expected to grow more than $1 trillion in annual spending over the next 9 years and AWS has 33% of the market.
- AMZN is spending more in CapEx than MSFT, WMT, TGT, COST, FDX, and UPS combined as they invest heavily to drive future growth in e-commerce and cloud services.
- I believe AMZN will become the first $1 trillion annual revenue company, and the amount of cash flow their current investments will generate in the future is going to be immense.
For further details see:
It's Happening Again, Amazon's Q3 Is Being Classified As A Miss