Wasn't Amazon.com (AMZN) supposed to be an online retailer? Because we distinctly recall hearing at some point that Amazon.com sold stuff online... and yet it's what Amazon's doing offline that earned it a re-recommendation from Bank of America analyst Justin Post. In a note reiterating his "buy" recommendation and $4,250 price target on Amazon, Post explains that "Amazon is building an 'omni-channel POS solution' that includes its own point-of-sale (POS) hardware and software." And yet, by definition, point-of-sale hardware is equipment used to check out a customer at a physical retail location.
https://www.tipranks.com/news/article/check-out-what-amazons-up-to-now-says-bofa?utm_source=advfn.com&utm_medium=referral
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