In a rare turnabout, Amazon’s AWS cloud services unit underperformed its retail operations. Sales in that segment rose 27% year-over-year to $20.5 billion, and operating income fell 9.6% to $5.4 billion.
In retail, the company joins rivals in facing embattled consumers prepping for the holidays as they grapple with rising prices on essentials. Still, Amazon likely took share in the third quarter, analysts said.
