“We believe that the company remains very well positioned for the long term with unassailable competitive positions in their existing large and growing markets,” said Christopher Rossbach of J Stern & Co, a private investment office in London.
“Additionally, their bold moves disrupting trillion dollar industries such as healthcare and grocery can replicate the success that they have had in cloud computing and advertising and become very material over time. Amazon’s outlook remains very bright and any weakness is a timely buying opportunity for long term investors.”
For the full year 2018, net income more than tripled to $10.1 bn, or $20.14 a share, beating analysts’ forecast of $19.66. Revenue rose 31 per cent to $232.9bn – the first time it has passed $200bn.