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Monday, Apr 15
Amazon (AMZN -1.5%) roundup: 1) Baird forecasts $10B in 2016 revenue for Amazon Web Services,...
Amazon (AMZN -1.5%) roundup: 1) Baird forecasts $10B in 2016 revenue for Amazon Web Services, which is believed to have pulled in ~$2B last year. Bernstein thinks AWS could generate $20B by 2020, and values the business at $24B (a less gaudy valuation than Oppenheimer's, and roughly on par with Macquarie's). 2) Amazon has launched a site aimed at customers aged 50 and older, replete with a digital Coupons section. 3) Amazon will reportedly start taking Kindle e-reader pre-orders in China tomorrow, putting it in competition with Dangdang (DANG) and other local vendors.