AMAZON $79Million Revenue with $2Billion profit gave $10Billion Jump in Mkt Cap and Total Mkt Cap today as $300BILLION is it a Fantasy Land on WallStreet ?
Wal-Mart (WMT), the largest traditional retailer in the world, with more than $1-billion in sales per day on average.
Israli Soldier Costume pretext dropped from $60 TO $57.20 ....COMMON reason is not valid...Even Amazon was selling the same costume..
Paper trade on AMAZON ...do you think that 2.5Million shares traded by money at $640 per sahres ! That's a $1.6 Trillion and for $79Million income per qtr ?
AMAZON Virtual Seller a FRAUD under Capitalism by Wall-Street Mafias whereas Walmart is a Real Business Retailer.
The company reported net revenue of $25.4 billion and net income of $79 million, or $0.17 a share. That means revenue grew 24 percent compared with the same period last year, while income swung positive from a net loss of $437 million, or $0.95 a share, in the year-ago quarter. AWS reported $2.1 billion in revenue and $521 million in profit. That's a 78 percent rise in revenue and 432 percent rise in profit over last year. Overall, AWS now accounts for around 8 percent of Amazon's total revenue, but nearly half of its total profits, which puts it close to matching the performance of its entire North American e-commerce division.
AWS Business there are sharks like SAP, Microsoft and Google..these giants has better infrastructures and platform to offer than Amazon like small players. What Amzon could get from this business is the price offered to small and medium business from China and these business are vulnerable to present economic outlook in China.
If the news hit that Google and Microsoft reduce there price in CompuTech business with new Technology AMZN will drop by 75% in their value on the same day as Retail business did not bring any profit for Amazon past 20 years.