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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon Web Services posted revenue of $22.1 billion in the quarter.

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Amazon stock rises after beating Q3 estimates with $143.1B in revenue, $9.9B in profits

GeekWire

Net income was $0.94 Amazon Web Services reported $23 billion in revenue for the third quarter, up 12%, matching the growth rate from the second quarter. Amazon Web Services: Amazon’s cloud business was up 12% at $23 billion, with $6.9 Revenue from third-party seller services was up 20% to $34.3

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Jeff Bezos to hand over Amazon CEO role to Andy Jassy on July 5, anniversary of company’s creation

GeekWire

Jassy, the longtime leader of the Amazon Web Services cloud business, “is going to be an outstanding leader, and he has my full confidence,” Bezos said. In contrast, there are many successful, small, fast growing retailers that are doing incredibly well selling online. Where are they? They do not exist.

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GeekWire’s new ‘Day 2’ podcast scrutinizes Amazon’s impact on tech, business and the world

GeekWire

Its profits have also doubled to more than $21 billion annually , and its net sales are up 50% to $386 billion. Its cloud computing division, Amazon Web Services, powers many of the world’s online businesses, bringing in $45 billion in annual revenue and $13.5 million people. Its market value is more than $1.5

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