
Christmas Sales Slowdown Hits Amazon Hard
Thursday night saw a sharp drop in Amazon Christmas sales volumes. This is attributed to some really disturbing Christmas season sales forecast by the online giant. According to the forecast, Amazon postulated that it expects a year-on-year sales growth of between 10% and 20% in the last quarter of this year, from October through December. Comparatively, that would be a notable slowdown from its recent quarter sales jump that saw the company register profits amounting to $5.6. This was quite a boost in sales - 29% sales jump. In the same quarter, preceding the current sales plunge, the company made sales profits close to $2.9bn. That was way more than what it registered in the same period the year; it made $256bn then. By all measures and standards, this Seattle-based…