WASHINGTON — Amazon missed high expectations for its holiday sales, which raised eyebrows of Wall Street investors and analysts.
Reuters reported that the world’s largest Internet retailer saw potential profits go from $200 million down to a $200 million loss. Amazon had a $181 million profit last year during the holiday season.
Amazon has invested in its Kindle device, cloud services, online media (like online video streaming) and even online grocery shopping to keep up with its customer base and consumers. Some investors are getting antsy as revenue has slowed, which can be attributed to high expectations and pressure to excel.