Amazon said Q1 net sales are expected to be between $138.0B-$143.5B, or to grow between 8% and 13% compared with first quarter 2023. This guidance anticipates a favorable impact of approximately 40 basis points from foreign exchange rates. Operating income is expected to be between $8.0B-$12.0B, compared with $4.8B in first quarter 2023. This guidance includes approximately $0.9B lower depreciation expense due to an increase in the estimated useful life of our servers beginning on January 1, 2024.
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