Today, Amazon reported earnings for the third quarter of 2018, showing that its North American business remains solid, boosted by Echo device sales and cloud services. At the same time, it’s still minimizing its losses in international markets.
In North America, Amazon pulled in $34.3 billion, which is a 35 percent improvement from last year. Amazon Web Services continued to bolster numbers, rising 46 percent in sales. International sales trail behind and Amazon is still losing money in the category. Its losses this quarter however were only $385 million, compared to $936 million year over year.
That’s the narrative we’re seeing as Amazon trucks along past the $1 trillion valuation number. Although the company doesn’t provide a breakdown...
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