Economic ConditionsE-commerce could face supply chain disruptions, a tight labor market, inflation, and slowing consumer discretionary spending, all of which could weigh on growth and profitability.
Financial PerformanceAWS margins will return to roughly 30% (or even below) as a result of higher levels of operating expenses to support new data centers and infrastructure.
MarginsAMZN's margins on its core eCommerce business are about half the level of traditional retailer margins.