A lack of consumer confidence in Europe coupled with major investments in new areas of business has led Amazon to report second quarter losses of $7m (£4.6m), despite a 22 per cent rise in sales overall....
The firm has been struggling since buying HPE's software business in 2017
But iPhone sales dipped nearly 7 per cent from a year ago
Q3 2020 profit of $10.75 billion is up 22 per cent from the same period last year
The company says the health crisis has slowed production and lowered demand for iPhones
The company posted revenues of $87.4bn for Q4 2019, with AWS up 34 per cent