Amazon Surpasses Walmart on Revenue for First Time Ever
Amazon has beaten Walmart by quarterly revenue for the first time in its history, according to the company's earnings report. The online retailer brought in $187.8 billion in revenue during the fourth quarter, surpassing Walmart's sales of $180.5 billion. However, Amazon's lead may be short-lived, as analysts predict it will post full-year sales of $700.8 billion, while Walmart is projected to bring in $708.7 billion.
- The increasing importance of cloud computing and advertising services in Amazon's revenue model suggests that the company's long-term success relies heavily on its ability to innovate and expand into new areas.
- As e-commerce continues to grow, it remains to be seen whether Walmart's efforts to shift towards hyper-local fulfillment centers will be enough to close the gap between the two retailers in terms of customer satisfaction and loyalty.