Welcome to our dedicated page for Amazon.Com news (Ticker: AMZN), a resource for investors and traders seeking the latest updates and insights on Amazon.Com stock.
Amazon.com, Inc. (NASDAQ: AMZN) is a leading multinational technology company based in the United States, renowned for its expansive e-commerce platform, robust cloud computing services, advanced artificial intelligence capabilities, digital streaming services, and online advertising. Founded in 1994 by Jeff Bezos, Amazon has grown into the world’s largest online retailer and marketplace for third-party sellers, with retail-related revenue contributing approximately 75% of its total income. International sales, particularly from Germany, the United Kingdom, and Japan, make up 25% to 30% of non-AWS sales.
Amazon Web Services (AWS), a pivotal segment contributing around 15% to its revenue, provides cloud computing, storage, and database solutions, and is integral to numerous enterprise operations worldwide. AWS has recently announced several innovative capabilities, including the addition of new models and features to Amazon Bedrock, enhancing generative AI applications. Amazon also extends its focus on artificial intelligence with the launch of Amazon Q Developer and Business, aimed at improving coding accuracy and leveraging enterprise data, respectively.
In e-commerce, Amazon continuously innovates to improve customer experience, such as its recently introduced grocery delivery subscription for Prime members, which offers unlimited grocery deliveries from Amazon Fresh, Whole Foods Market, and other local stores. The company also recently announced a significant partnership extension with Whole Foods Market, ensuring a continued supply chain relationship through 2032. Additionally, Amazon has expanded its entertainment footprint, offering a broad range of original content through Amazon Studios and streaming exclusive sports events on Prime Video.
The company’s commitment to operational excellence is reflected in its latest financial results for Q1 2024, with net sales increasing by 13% year-over-year to $143.3 billion and operating income reaching $15.3 billion, significantly up from $4.8 billion in the previous year. Amazon’s strategic investments in infrastructure, such as new AWS regions and data centers, further underscore its dedication to growth and innovation. Guided by principles like customer obsession and long-term thinking, Amazon continuously seeks to enhance its diverse portfolio of products and services to meet evolving customer needs globally.
Amazon Web Services (AWS) announced a strategic collaboration with Zurich Insurance Group to migrate its IT infrastructure to AWS, targeting the movement of 1,000 applications by 2025. This shift aims to innovate customer experiences, streamline core business processes, and meet regulatory requirements. Zurich expects to save around $30 million annually through improved operational efficiency and development speed, particularly for core insurance and SAP workloads. The partnership will leverage AWS’s advanced analytics and machine learning to enhance Zurich's data management and customer service capabilities.
Amazon has launched RxPass, a new benefit for Prime members that provides affordable access to over 80 generic medications for a flat fee of
Amazon Web Services (AWS) has launched its second AWS Region in Australia, the AWS Asia Pacific (Melbourne) Region, with an estimated investment of $4.5 billion (approx. A$6.8 billion) by 2037. This new region aims to enhance workload resilience and data security while providing lower latency for users.
The investment anticipates supporting over 2,500 full-time jobs annually and adding approximately $10.6 billion (approx. A$15.9 billion) to Australia’s GDP by 2037. AWS now operates 99 Availability Zones across 31 geographic regions, further expanding its infrastructure for local and global customers.
Jennifer Connelly received the IMDb 'Fan Favorite' STARmeter Award at the 2023 Sundance Film Festival on January 22, 2023, recognizing her popularity among the site's over 200 million monthly visitors. This award highlights stars who top the IMDbPro STARmeter chart based on page views. Connelly, who recently appeared in Top Gun: Maverick and stars in the upcoming film Bad Behaviour, ranked as the #40 most popular star of 2022. Previous recipients include Nicholas Braun and Rachel Brosnahan, emphasizing the award's prestige in recognizing audience favorites.
Amazon.com (NASDAQ: AMZN) has announced a conference call scheduled for February 2, 2023, at 2:30 p.m. PT to discuss its fourth quarter 2022 financial results. The call will provide insights into the company's performance and is expected to address key metrics such as earnings, revenue, and guidance. The event will be webcast live, and audio along with accompanying slides will be accessible for three months thereafter at www.amazon.com/ir.
IMDb will cover the 2023 Sundance Film Festival with exclusive content across its platforms, including interviews and portraits of stars and filmmakers. As an official festival sponsor, IMDb will host the 'Opening Night: A Taste of Sundance' on January 19, honoring notable artists like Luca Guadagnino and Ryan Coogler. The IMDb Studio at Acura Festival Village will operate from January 20-23, featuring celebrity photo sessions and video interviews. Jennifer Connelly will receive the 'Fan Favorite' STARmeter Award, recognizing her popularity among IMDb users. The festival promises extensive fan engagement through social media and live events.
On January 12, 2023, Zappos.com introduced its Label Free Box Free Returns service at Whole Foods Market stores nationwide, aligning with Amazon's goals of enhancing online shopping convenience. By eliminating packaging requirements, customers can streamline their returns while completing grocery shopping. This initiative complements Zappos’ existing 365-day free return policy. CEO Scott Schaefer emphasized the importance of evolving with customer needs to maintain a customer-first approach. The service is available via the Zappos iOS app.
Amazon has announced that its Buy with Prime feature will become widely available to U.S. merchants by
IMDb has partnered with TikTok to introduce a new feature allowing users to link movie and TV titles directly within their videos using IMDb data. This feature enables TikTok creators to showcase their favorite titles, directing viewers to an in-app page with detailed information including cast, genre, and user ratings. Users can link up to five titles per video. Currently, this feature is accessible for users in the U.S. and the U.K.. The collaboration aims to enhance the TikTok experience for its globally engaged community of film and TV enthusiasts.
IMDb has revealed its rankings for the Most Anticipated Movies and TV Series of 2023, based on actual page views from over 200 million monthly users. The movie Barbie tops the list as the most awaited film, while the series The Last of Us leads in TV anticipation. Key films include Winnie-the-Pooh: Blood and Honey and Killers of the Flower Moon. Other anticipated series range from Secret Invasion to Masters of the Air. IMDb's data is derived from consistent tracking throughout 2022.
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