Amazon projects spending that concerns those watching profits
Company wants to invest a lot in the coming months on warehouses, movies, gadgets and growth into India
Mon, Feb 06, 2017 - 5:50 AM
Amazon spent US$5.7 billion storing, packing and delivering online orders in its busy holiday quarter, up 26 per cent from a year earlier. Analysts say Amazon's expenses have often eaten up sales.
AMAZON.COM Inc will spend big in the coming months on warehouses, movies, gadgets and growth into India, renewing investor concerns that chief executive officer Jeff Bezos cares more about generating revenue far in the future than turning a profit now.