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Is Amazon Ready to Dethrone Walmart as the Revenue King
Description
Amazon competes with Walmart for the highest revenue position in the S&P 500. Walmart has maintained this position for twelve years. Recent earnings indicate Amazon's fourth-quarter revenue at $187.8 billion, while Walmart projects $180 billion, marking a potential revenue shift since 2012. Amazon experienced significant growth during the holiday season, aided by customers, partners, and employees. Online sales in North America have doubled since 2019. Amazon Web Services (AWS) contributed to this growth, with revenue rising from $45.37 billion in 2020 to approximately $90.76 billion in 2023. In Q3 2024, AWS revenue increased by 19%, equating to 17% of Amazon's total sales. Amazon surpassed $600 billion in total revenue for the first time in 2024, reaching $638 billion. Walmart, however, is projected to report full-year revenue of $681 billion for 2024. Learn more on this news visit us at: https://greyjournal.net/news/
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