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Amazon (AMZN) reportedly forecasts a USD 612mln gross loss for its devices business this year (vs. internal target of USD 438mln loss), as surging memory chip costs squeeze margins, Business Insider reports, citing an internal document

ORIGINAL · NewsquawkAmazon (AMZN) reportedly forecasts a USD 612mln gross loss for its devices business this year (vs. internal target of USD 438mln loss), as surging memory chip costs squeeze margins, Business Insider reports, citing an internal document
StockNow breaking-news AI analysis

Business Insider reports that Amazon forecasts a USD 612 million devices-business gross loss this year, exceeding its internal loss target amid memory-chip cost pressure.

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