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February 20 2012
Scott Devitt, Morgan Stanley: Apple is killing Amazon
Business Insider :: Morgan Stanley analyst Scott Devitt says Amazon's poor results in the fourth quarter can be attributed directly to Apple's excellent results. He wrote in a note, "Apple’s strength in iPhone and iPad sales are negatively affecting Amazon.com by accelerating the company’s transition from physical to digital media sales (which has effects on sales, margins and ROIC) as well as impacting Electronics & General Merchandise (“EGM”) growth."
Continue to read Jay Yarow, www.businessinsider.com
