This week, Amazon became the world’s most valuable publicly traded U.S. company for the first time, passing tech giant Microsoft which had taken over the top spot in late 2018.
Ray Wimer is an assistant professor of retail practice at Syracuse University’s Whitman School of Management. Wimer says Amazon Web Services is a big driver for profits in the technology space, but thinks it’s unlikely another online retail company will move into the top spot,
Wimer says:
“Amazon makes most of their money and most of their profits in the technology space. The biggest driver is Amazon Web Services.
“I think it is unlikely that other online retail companies (that also have technology components) move into the top spot. Alibaba as roughly half the market cap right now of Amazon and Walmart has a quarter of the market cap of Amazon. These would be the likely leaders to join. Retail is a very tough business on margins and this is something that investors look for.
“Walmart is near the top of the Fortune 500 based on revenue year after year but the margins are small compared to a company like Apple or Exxon-Mobile.”
To request interviews or get more information:
Daryl Lovell
Media Relations Manager
Division of Marketing and Communications
T 315.443.1184 M 315.380.0206
dalovell@syr.edu | @DarylLovell
820 Comstock Avenue, Suite 308, Syracuse, NY 13244
news.syr.edu | syracuse.edu
Syracuse University
SYRACUSE, N.Y. — The smoke from more than 100 Canadian wildfires is reaching many regions within the U.S., including as far south as Georgia. Air quality is deteriorating in the Midwest, Great Lakes and Northeast, prompting health advisories in many…
If you’re a reporter covering the U.S. Department of Defense’s acceptance of a luxury jet from Qatar, Alex Wagner, adjunct professor at Syracuse University’s Maxwell School of Citizenship and Public Affairs, is available for interviews. Please see his comments below….
As the Roman Catholic Church begins a new chapter under Pope Leo XIV, historians and scholars are helping the public interpret the significance of this moment. Among them is Margaret Susan Thompson, professor of history in the Maxwell School of…
President Trump recently signed an executive order focusing on educational opportunities surrounding artificial intelligence. Among other things, it establishes a task force to promote AI-related education and tools in the classroom. That is a major area of focus for Dr….
This week marks the 80th anniversary of Victory in Europe (V-E) Day, when Nazi Germany formally surrendered to Allied forces on May 8, 1945, bringing an end to World War II in Europe. While it signaled the collapse of Hitler’s…
If you need help with your subscription, contact sunews@syr.edu.
