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Asked 1 year, 10 months ago
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Is Amazon immune to an economic slump?

Yesterday Amazon posted strong earnings of 27 cents per share, but revised downward it's estimates for the holiday sales season.

Posted by jesse • Read more • Permalink

5 Quotes

Quotes

No

Brad Stone
Journalist, NY Times

“in a sign that the company is not totally immune ... Amazon reduced its estimate for fourth-quarter sales. It said somewhat vaguely that it would earn $6 billion to $7 billion during the crucial holiday season, down from the $7.2 billion it had projected earlier for the quarter.”

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Quoted 1 year, 10 months ago by jesse

Scott Tilghman

“The holidays are not going to be pretty...Amazon.com isn’t immune to the economic downturn.”

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Quoted 1 year, 10 months ago by johncapello

Rhys Blakely
Journalist

“Amazon's update cast more gloom over the online sector, which few now believe will remain immune to a global consumer slowdown.”

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Quoted 1 year, 10 months ago by jesse

General Comments

Brad Stone
Journalist, NY Times

“A long-term thesis ... [is] that online sales are largely recession-resistant. Internet retailers, the thinking goes, need only grab fractions of market share away from traditional retailers to grow robustly. They also offer a no-hassle, gasoline-free alternative to crowded real-world superstores.”

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Quoted 1 year, 10 months ago by jesse

Colin Sebastian
Analyst, Lazard Capital Markets

“[Amazon] continue[s] to grow much faster than overall e-commerce, so the platform does remain strong from that point of view.”

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Quoted 1 year, 10 months ago by johncapello

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