Amazon takes away Walmart’s ‘top revenue generator’ title for the first time

Amazon has surpassed Walmart in terms of quarterly revenue for the first time ever, a CNBC report said. According to the report, Walmart said that it earned $180.5 billion during the quarter, while Amazon had earlier this month said that it earned $187.8 billion in the same period.

This has been the first quarter since 2012 where Walmart has not been able to top the list of revenue generators. In 2012, Walmart had overtaken oil giant Exxon Mobil and gained the title of top revenue generator each quarter.