Amazon vs Walmart Revenue
Amazon is expected to surpass Walmart in terms of revenue, driven by its cloud business and increased online shopping due to the Covid pandemic.
Key Points
- Amazon's revenue is projected to reach $187 billion, surpassing Walmart's $180 billion
- Amazon's cloud business, AWS, has more than doubled in revenue since 2020
- Online shopping behavior shift during the pandemic has benefited Amazon's sales
Pros
- Amazon's revenue is expected to surpass Walmart's
- Amazon's cloud business, Amazon Web Services, has contributed significantly to its revenue growth
- Increased online shopping due to the Covid pandemic has boosted Amazon's sales
Cons
- Walmart has been the top revenue generator for the past twelve years
- Walmart still leads in terms of annual sales
- Competition between Amazon and Walmart may intensify