2020 is shaping up to be a big year for Amazon.
From cloud computing to same-day shipping, expectations and competition for Amazon are heating up.
Here are some of the key aspects of the business to watch this year.
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Amazon had a relatively tough year in 2019.
Investors grew concerned about Amazon’s massive investments in faster delivery and its AWS cloud unit. The increasingly hostile regulatory environment and growing competition also dampened investor sentiment.
As a result, Amazon’s stock went up just 23% in 2019 — its worst performance in three years and below the S&P 500’s returns for the first time since 2014, according to the S&P Global Market Intelligence. Other tech giants, like Apple, Facebook, Alphabet, and Microsoft, all saw their shares do better than Amazon during the year.
We asked Wall Street analysts what’s ahead for Amazon in 2020.
While most of them remain bullish, they said this is the year investors are hoping to see more concrete results from all the investments Amazon has been making, across shipping, cloud computing, and hardware devices. They’re also keeping a close eye on how Amazon’s competitive landscape will change in the cloud space, and …read more
Source:: Businessinsider – Finance