Best-selling electronic products on Amazon in 2022:
In lightweight of the disappointing performance of its 1st physical store since its introduction in 2015 (which accounted for under 3% of total sales within the most up-to-date quarter), the e-commerce behemoth has proclaimed that it'll shift its attention to grocery delivery. Part of the commerce pressure is returning from a less-than-optimistic outlook for the fourth quarter, with growth throughout the vacation season expected to be only 2%-8%. Amazon's net Services were conjointly behind expectations last quarter.
Amazon's stock was born by an extra 13% throughout Thursday's extended trading, transferral its total loss for the year to over 42�ter Associate in Nursing earlier 4�creases during regular trading. The steep drop was because of an earnings miss, with the e-commerce behemoth reportage EPS of $0.28 on revenues of $127.1bn; the latter variety was up 15% YoY, marking a comeback to double-digit sales growth, however, still failed.
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