How Much Will Amazon Make on Prime Day in Face of Stiff Competition From Temu and SHEIN?
$Amazon(AMZN.US$ is hosting its annual Prime Day from July 11 to July 12. Even though Amazon itself doesn't release official sales numbers for Prime Day, estimates by the e-commerce research experts at Digital Commerce 360 show a meteoric rise in revenue connected to Prime Day that's been hampered.
The chart shows the jump of revenue from 2020 to 2022 is considerably smaller.
![How Much Will Amazon Make on Prime Day in Face of Stiff Competition From Temu and SHEIN?](https://ussnsimg.moomoo.com/feed_image/77777013/c83b95e88b9f3329bafad5bf09ac0559.png/bigmoo)
Analyst from JPMorgan predict the Prime Day is likely to generate about $5 billion of incremental revenue this year. While that would be up 13% from last year, the pace of growth has slowed steadily each year since a 30% increase in 2020.
The Prime Day shows that e-commerce isn't the driver it once was for the stock, as investor focus shifts to the company's faster-growing and profitable cloud-computing unit AWS.
In the past four years, the stock has fallen in the week of the two-day sale in which the retail giant discounts swathes of items.
![How Much Will Amazon Make on Prime Day in Face of Stiff Competition From Temu and SHEIN?](https://ussnsimg.moomoo.com/feed_image/77777013/aa3c5cd692e0383f9054d246316b4ffd.png/bigmoo)
There is cause for concern for Amazon's retail business, with a significant number of users choosing to spend their time on rival platforms in 2023 instead.
Americans are awash in bargain deals as the growing rivalry among Temu $PDD Holdings(PDD.US$ and SHEIN leads to jostling to win the hearts, minds and dollars of US shoppers.
![How Much Will Amazon Make on Prime Day in Face of Stiff Competition From Temu and SHEIN?](https://ussnsimg.moomoo.com/feed_image/77777013/6a00877608a3335d9c4f0a81b1ffb032.png/bigmoo)
Mooers, will you shop on Prime Day and how much will you spend?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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WilliamDaGreat : Ok
Jbu8810 : Idk how ANYONE likes Temu. I downloaded it b/c one of their ads promised like 97% off n then once i opened the app that deal was nowhere to be found n as a "consolation" i was supposed to get a good deal (dont remember how much cuz ive tried to put the stupid experience out of my mind) for actually signing up. Did that n the ONLY THINGS ON SALE OR FOR A DISCOUNT was dollar store type trash. Temu can shove it n DOES NOT DESERVE ANY REVENUE from the online retail market sector. At all. Trash. 33 1/3 thumbs down n a middle finger too
难以忘怀的夏季 : Temu have good service, Amazon have very good quality products
Steven J : Before you go ahead and purchase an item on Amazon , check on Temu, that same item may be there for half of the price. Temu have great deals overall.
ju5tchi11in : consuming extremely cheap environmentally unsustainable one time use products is really hurting us.