Amazon Turns A Record Profit, But Wall Street Frets About Its Outlook

“AWS now makes more money than Nokia and is approaching the revenue of Baidu,” observes Darin Archer, CMO at e-commerce provider Elastic Path, in an email. “Businesses have to sell through Amazon and pay advertising dollars to get visibility, so this miss is nothing in their overall trajectory as they can pull mega ad spend budgets from big brands. Amazon’s B2B store is also at $10B with a B, so distributors out there should be thinking about how they're going to up their game.”