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Amazon Projects Spending That Concerns Those Watching Profit

  • Warehouses, movies, gadgets and India will keep gobbling sales
  • Company says earnings will shrink even as revenue soars
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Amazon Builds Bull Case in E-Commerce: Sweeney

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Amazon.com Inc. will spend big in the coming months on warehouses, movies, gadgets and growth into India, renewing investor concerns that Chief Executive Officer Jeff Bezos cares more about generating revenue far in the future than turning a profit now.

The company will double-down on its delivery system that gets products quickly into the hands of its customers. It will keep investing in original movies and shows to encourage people to buy Amazon Prime memberships, which makes them loyal shoppers. It will enhance its hot-selling Echo voice-activated personal assistant to gain a presence in homes. And it will keep pushing into India, which it sees as a vast frontier for e-commerce growth.