Growth Spending Might Be at the Heart of Recent Amazon Losses
Between launching a new smartphone, investing in streaming content and the Twitch acquisition, Amazon doesn't seem to be interested in profit.
Amazon’s ability to post consistent earnings has never been very reliable. The company often posts losses, but what’s interesting this time is that Amazon may have some very good reasons for posting a loss. A big spending spree, possible overextension on their smartphone and original programming content, and Amazon’s own philosophy may be at fault.
Amazon’s Q3 earnings this year have been disappointing, and a big part of that is due to the dismal performance of the Fire phone.
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