New York (CNN Business) Amazon now finds itself in an elite group of companies whose annual revenue can be measured in the hundreds of billions. Amazon AMZN But sales growth is slowing asruns up against the law of large numbers. Its 20% sales growth for the quarter was well below the 38% growth it saw in the same period a year earlier. It said sales would be between $56 billion and $60 billion for the quarter, which would represent annual growth of just 10% to 18%. As its sales growth has slowed, the company has quickly positioned itself as a profit machine.

Source: CNN January 31, 2019 21:30 UTC