Home > Industry > Amazon Forecast Fails To Ignite

Amazon Forecast Fails To Ignite

Amazon has posted not only forecasts that missed analyst estimates – it also said it might not make much cash out of its Christmas sales, which are expected to top US$40 billion (A$52 billion).

Amazon’s operating expenses increased 29 percent in the third quarter to $32.1 billion, primarily due to video programming expenses and new warehouses.

The online-retail outfit has been rolling out free deliveries in as fast as an hour to its Prime members, most of whom pay a US$99 annual fee. But Amazon said the faster deliveries are costing it a lot of money-and as online orders surge during the holidays, its shipping costs could top the $3.9 billion it spent in the third quarter.

Amazon added nearly 40,000 positions in Q3.

You may also like
Amazon Using House Brand Pop Ups To Undercut Branded Products
Amazon Scales Back Direct Sell, Pushes Marketplace
Kogan Take On Amazon + Ebay With New Marketplace
Netgear Release World First Hybrid Smart Speaker Router
Sony Release New EXTRA BASS Headphones With Google Assistant