Amazon Just Hit Another Major Milestone And Its The End of an Era

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Amazon is on track to surpass Walmart in quarterly revenue for the first time, marking a significant shift in the retail landscape. This milestone underscores the growing dominance of e-commerce over traditional brick-and-mortar retail.

Key Facts:

  • Amazon is expected to report $187 billion in revenue for the latest quarter, according to LSEG analysts.
  • Walmart, reporting later this month, is projected to announce $180 billion in sales.
  • Walmart has held the top revenue spot since 2012, when it overtook Exxon Mobil.
  • Amazon’s full-year revenue for 2024 is estimated at $638 billion, crossing the $600 billion mark for the first time.
  • Amazon Web Services (AWS), the company’s cloud division, now accounts for 17% of total sales, more than doubling since 2020.

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The Rest of The Story:

For over a decade, Walmart has been the undisputed leader in quarterly revenue, a position it secured after surpassing Exxon Mobil in 2012.

Despite fluctuations in oil prices, Walmart maintained its lead, bolstered by its massive brick-and-mortar presence.

However, Amazon’s rapid growth, fueled by its e-commerce dominance and the expansion of AWS, has positioned it to overtake Walmart in quarterly revenue for the first time.

While Walmart still leads in annual sales, with over $600 billion in revenue for the past two years, Amazon is closing the gap.

The pandemic accelerated the shift to online shopping, driving Amazon’s North America sales up by more than 100% since 2019.

This trend, combined with AWS’s strong performance, has propelled Amazon to new heights.

Commentary:

The impending shift in revenue leadership from Walmart to Amazon reflects a broader transformation in the retail industry.

For years, Walmart’s vast network of physical stores gave it an edge, but the rise of e-commerce has rewritten the rules.

Amazon’s ability to adapt to changing consumer preferences, particularly during the pandemic, has been a key factor in its success.

The growth of AWS further highlights how Amazon has diversified beyond retail.

By investing in cloud computing, Amazon has tapped into a high-margin business that complements its e-commerce operations.

This dual focus has allowed Amazon to thrive even as traditional retailers struggle to keep pace.

Walmart’s continued strength in annual sales shows it remains a formidable player, but the quarterly revenue shift signals a turning point.

The retail apocalypse, often discussed in recent years, appears to be accelerating as online platforms like Amazon continue to capture market share.

This trend is unlikely to reverse, as consumers increasingly favor the convenience and efficiency of digital shopping.

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The Bottom Line:

Amazon’s expected leap over Walmart in quarterly revenue marks a pivotal moment in retail history.

It underscores the growing preference for e-commerce and the challenges faced by traditional brick-and-mortar stores.

While Walmart remains a retail giant, Amazon’s innovative approach and diversified business model have positioned it as the new leader in the evolving retail landscape.

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