Amazon Comes Up Short. Apple’s Fine
Amazon reported sales for Q2 that missed estimates on Thursday afternoon in the US. The company's current-quarter revenue guide looked short of consensus too.
Andy Jassy grew the top-line by 10% last quarter, when revenue was $148 billion. That was better than the mid-point of the company's guide from three months ago, but the Street was looking for $148.78 billion. If you strip out currency effects, sales grew 11%.
For Q3, Amazon guided for between $154 billion and $158.5 billion in sales. Ta
Thanks for the insightful comments.
FYI – “Service” revenues is whre Apple includes the payola Google pays Apple to be included as the preferred search vendor. Something like $21 billion annually. (Estimated because the company refuses to publically itemize it.) That is under threat because of a Google antitrust court decison which will be released, hopefully by the end of this month.
Just something to be aware of.