Rachel King highlights Amazon’s most recent quarterly financials:
The tech giant reported a net income of $108 million, or 23 cents per share. Non-GAAP earnings were 23 cents per share on a revenue of $19.74 billion, up 23 percent year-over-year. Wall Street was looking for earnings of 23 cents per share on a revenue of $19.43 billion.
$100-million in profit on nearly $20-billion in revenue. Compare that to Apple’s $10-billion in profit on just over $40-billion in revenue.
Put another way, Apple made more profit in a single day than Amazon made the entire quarter.