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 introduces the Blink Wired Floodlight Camera and Blink Mini Pan Tilt, enhancing its Blink device lineup.
The Blink Wired Floodlight Camera, priced at
Meanwhile, the Blink Mini Pan Tilt allows users to remotely pan and tilt for wider coverage. It is available for pre-order starting at
eero, an Amazon company, launched the eero PoE 6 and eero PoE Gateway, designed for professional installers and small businesses. The eero PoE 6 offers Wi-Fi 6 capabilities with coverage up to 2,000 sq ft and supports over 100 devices. The eero PoE Gateway provides fast internet speeds up to 10 Gbps and powers multiple PoE devices. Additional services like eero for Pro Installers and eero for Business simplify network setup and management. Products will be available in the U.S. and Canada starting in October 2023.
Clean Energy Fuels Corp. celebrates the opening of its new renewable natural gas (RNG) station in Groveport, Ohio, marking the first of 19 stations under agreement with Amazon. This facility aims to supply RNG for Amazon's trucks and other local fleets, promoting sustainability.
By dispensing about 700,000 gallons of RNG annually, it is projected to reduce carbon emissions significantly. Additionally, the station is part of larger efforts to develop RNG production from organic waste, including dairy farm collaborations.
Amazon (NASDAQ: AMZN) has released the 2022 State of Business Procurement Report, revealing key trends in B2B procurement across commercial, education, government, nonprofit, and healthcare sectors. The report highlights that 91% of B2B buyers prefer online purchasing, and 58% require deliveries to personal residences. Additionally, 84% of buyers plan to increase spending with diverse-owned businesses, while 63% prioritize sustainability in purchasing. The report indicates a steady budget outlook for many buyers despite economic challenges.
Amazon Web Services (AWS) has launched AWS IoT FleetWise, a service that simplifies data collection, transformation, and transfer for the automotive industry. This service allows automakers to manage vast amounts of vehicle data in near real time, enhancing vehicle quality, safety, and autonomy.
Major clients like Bridgestone, Hyundai Motor Group, LG CNS, and Renesas Electronics are leveraging this technology. AWS IoT FleetWise is currently available in the US East and Europe, with plans for expansion to more regions.
Amazon has launched the Prime Early Access Sale, a new global event exclusive to Prime members, starting from October 11 to October 12. This 48-hour event features early holiday deals, offering up to 80% off on select products from popular brands such as Peloton, New Balance, and Samsung. Members can access a curated Top 100 list of deals across various categories, including electronics and fashion. The initiative aims to enhance holiday shopping experiences by providing exclusive discounts and gift guides, pushing Amazon's offerings further ahead in the competitive e-commerce landscape.
The National Safety Council launched its inaugural Safety Innovation Challenge on September 22, 2022, in San Diego, aiming to prevent musculoskeletal disorders (MSDs) in the workplace. This initiative is part of the MSD Solutions Lab, established in collaboration with Amazon (NASDAQ: AMZN). Six leading tech firms presented innovative solutions targeting common workplace injuries like back strains and carpal tunnel syndrome. The challenge aims to scale advancements in MSD prevention for enhanced worker safety and well-being.
Amazon has launched the latest Fire HD 8 tablets, featuring four models: Fire HD 8, Fire HD 8 Plus, Fire HD 8 Kids, and Fire HD 8 Kids Pro. The Fire HD 8 offers a 30% faster processor, 13 hours of battery life, and starts at
Amazon has expanded its renewable energy portfolio with 2.7 GW of clean energy capacity across 71 new projects, marking its first solar farm in South America and new projects in India and Poland. This will result in a total of 379 renewable energy projects globally, generating 50,000 GWh of electricity annually, enough to power 4.6 million US homes. The company aims for 100% renewable energy by 2025 and is investing significantly in reducing carbon emissions while supporting local economies through job creation and environmental programs.
Amazon has signed a significant agreement with renewable fuels technology company Infinium to utilize ultra-low carbon electrofuels for its transportation fleet. Starting in 2023, this partnership aims to power Amazon trucks for approximately 5 million miles annually, effectively reducing carbon emissions. The electrofuels, produced from carbon waste and renewable energy, will be used in Southern California's middle mile fleet. This aligns with Amazon's commitment to achieve net-zero carbon by 2040 and reflects its investments in sustainable technologies through The Climate Pledge Fund.
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