Is Amazon Slowing Down?
Amazon $Amazon(AMZN.US$ is going to announce its earnings for the second quarter of 2023 on August 3rd. These earnings will show us how much people have been buying things online.
In the last fiscal year, Amazon made a huge amount of money, totaling $513.98 billion. The biggest part of their income comes from their online stores, which made up 42.8% of their total earnings.
The next important source of income is from third-party sellers who use Amazon's platform to sell their products. This contributed 22.9% to their total earnings. Another significant source of income is from Amazon Web Services (AWS), which is a service they provide for businesses to use their computing power. AWS revenue made up 15.58% of their total earnings.
However, it's worth noting that the Online Stores Revenue segment has seen a slight decrease in its contribution to total revenue, while Third-Party (3P) Seller Services Revenue and AWS Revenue have shown consistent growth.
In the most recent quarter, online stores revenue accounted for 40.12% of their total earnings, followed by third-party seller services at 23.41%, and AWS revenue at 16.77%.
It will be interesting to see how well Amazon's online sales and other services have been doing when they announce their earnings.
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