- Accuracy in Media - https://www.aim.org -

Amazon could see profits fall after Holiday Season

WASHINGTON — Amazon missed high expectations for its holiday sales, which raised eyebrows of Wall Street investors and analysts.

jeff bezos amazon [1]Reuters reported [2] 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 [3] 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.