Amazon posts first $200 billion sales year, but growth is slowing | CNN
Amazon now finds itself in an elite group of companies whose annual revenue can be measured in the hundreds of billions.
The company said Thursday that its holiday quarter sales hit $72.4 billion, up 20% from the same period a year earlier and at the high end of its previous forecast. The strong end to the year pushed Amazon’s annual revenue to an impressive $232.9 billion.
But sales growth is slowing as Amazon (AMZN) runs up against the law of large numbers. Its 20% sales growth for the quarter was well below the 38% growth it saw in the same period a year earlier.
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