Skip to main content
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Students
    • All Topics
  • Contact
  • Submit
Media Tip Sheets
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • University Statements
  • Syracuse University Impact
  • |
  • The Peel
  • Athletics
Sections
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • University Statements
  • Syracuse University Impact
  • |
  • The Peel
  • Athletics
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Students
    • All Topics
  • Contact
  • Submit
Media Tip Sheets

Amazon Took Microsoft’s Top Spot – Could Other Online Retail Companies Be Next?

Wednesday, January 9, 2019, By Daryl Lovell
Share
technology

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

  • Author
  • Faculty Experts

Daryl Lovell

  • Ray Wimer

  • Recent
  • 250 Years Later, Declaration of Independence Still Challenges, Inspires a Nation: A Conversation With Professor Carol Faulkner
    Monday, June 30, 2025, By Kathleen Haley
  • Philanthropy Driven by Passion, Potential and Purpose
    Monday, June 30, 2025, By Eileen Korey
  • Libraries Receives Grant for Book Repair Workshop
    Monday, June 30, 2025, By Cristina Hatem
  • Calling All Alumni Entrepreneurs: Apply for ’CUSE50 Awards
    Tuesday, June 24, 2025, By John Boccacino
  • Swinging Into Summer: Syracuse International Jazz Fest Returns With Star Power, Student Talent and a Soulful Campus Finale
    Tuesday, June 24, 2025, By Kathleen Haley

More In Media Tip Sheets

Iran Escalation: Experts Available This Week

If you’re covering the latest developments with Iran and their impact on Israel, the U.S., China, Russia, global supply chains, and more, Syracuse University faculty experts are available for interviews this week. Below, you’ll find a list of experts along…

SCOTUS Win for Combat Veterans Backed by Syracuse Law Clinic

On Thursday, June 12, the United States Supreme Court issued a unanimous decision in Soto v. United States, marking a significant victory for U.S. combat veterans seeking disability compensation. The 9-0 opinion, authored by Justice Clarence Thomas, held that the…

Japan’s Crackdown on ‘Shiny’ Names Sparks Cultural Reflection

In a move that’s turning heads both in Japan and abroad, the Japanese government is reportedly cracking down on so-called “shiny” names, unconventional names often inspired by pop culture references like “Pikachu” or “Nike” given to newborns. While some see…

5 Tips to Protect Your Health and Prepare for Worsening Air Conditions

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 cities. In Canada,…

Expert Available to Discuss DOD Acceptance of Qatari Jet

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….

Subscribe to SU Today

If you need help with your subscription, contact sunews@syr.edu.

Connect With Us

  • Facebook
  • @SyracuseUNews
  • Youtube
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
  • @SyracuseU
  • @SyracuseUNews
  • Social Media Directory
  • Accessibility
  • Privacy
  • Campus Status
  • Syracuse.edu
© 2025 Syracuse University News. All Rights Reserved.