Amazon, an American multinational electronics commerce company and the world’s largest online retailer saw its ratings downgraded by Morgan Stanley on Thursday results in fall in share price. The downgrade was done on account about competition from Apple and slowing sales growth, Reuters reports. Followed by the same, Amazon saw a fall of share price by 4.1 percent to $176.97 in the morning trading yesterday.
Amazon’s sub-division Amazon Web Services has recently announced two of new products – AWS Storage Gateway and DynamoDB – and now with such ratings the impact on its upcoming products – the strategies and a lot whole of the company will equally “might-be” suffer for a while unless and until something will be done.
