The analysts missed profit forecast for Amzn by incredible large amounts both for 2010 and 2011. Analysts in 2008 and 2009 were calling for amzn to make $3-$4 in 2010 and $5-$7 in 2011.
They are now missing revenue numbers by massive amounts - $82B in revenue in 2013 is absolutely pie in the sky nonsense. The bank account at amazon will run dry selling at a loss before they get that number. Growth comes in spurts not a nice even line. The run from 60B-80B is going to be a tough slog for them. What is going to happen is the million other competitors will start to see inroads into their business and they will loose on they're core market.
They can add all the brick and mortar locations, add movie subscription, make more loosing bottom line killing kindles they want. They can sell in india and china but core market in US and Europe is about to hit a massive wall.
Analysist just a few months ago were calling for $65B top line in 2012. Now its down to $60B.
Actually the stock price is tied to revenue almost exclusively and the reason the stock is $60 lower today than in October is because of anticipated miss on revenue this quarter. Revenue was $2B lower than hopeful whisper numbers.
Chart revenue and stock price and you will see what I mean.