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
If you are looking for an expert to discuss Rupert Murdoch stepping down at Fox News, Lynne Vincent, associate professor of management at Syracuse University’s Whitman School of Management, is available for interviews. If you’d like to schedule an interview…
School districts across the country continue to struggle with teacher shortages as a new school year begins. There has been a lot of talk about the reasons behind the shortages and what can be done to improve the situation. George…
Syracuse University thought leaders, events and research news were showcased in the following news outlets this week: Eric Grode, director of the Goldring Arts Journalism and Communications program at Newhouse, was quoted in the Associated Press story “Largest US newspaper…
The historic UAW strike has begun. If you are looking for experts to interview for your story, consider these Syracuse University faculty members who are available for interview. You may also quote their comments below. Matthew Huber, professor of geography…
Syracuse University thought leaders, events and research news were showcased in the following news outlets this week: George Saunders, a professor in the College of Arts and Sciences, was featured in Library of Congress “George Saunders to Receive 2023 Library…
If you need help with your subscription, contact sunews@syr.edu.
