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) has partnered with Roche Group to utilize AWS's cloud capabilities for enhancing healthcare research and patient care. Roche leverages AWS for high-performance computing, analytics, and machine learning to improve drug discovery, development, and personalized medicine. Key services include Amazon Aurora and AWS Lambda, enabling Roche to process vast amounts of health data securely while adhering to privacy regulations. This collaboration aims to transform healthcare delivery and accelerate clinical trials, ultimately improving patient outcomes.
cbdMD, Inc. (YCBD, YCBDPA) announced a multi-year exclusive agreement with Amify, an Amazon.com, Inc. (AMZN) partner, to launch CBD products on Amazon once the category is approved. This partnership includes cbdMD's leading products, such as gummies, tinctures, and skin care from cbdMD Botanicals. The agreement follows the growing interest in CBD since the Farm Bill's passage in 2018, positioning cbdMD to optimize its strategy for Amazon's platform. The company's Chairman emphasized readiness for market entry, enhancing cbdMD's distribution channels.
IMDb is expanding its original content with a new podcast, IMDb Is Obsessed, set to premiere on
Amazon Music has launched an exclusive new version of “Christmas Tree Farm” by Taylor Swift, recorded at Abbey Road Studios in London. This Amazon Original is now available worldwide, featuring a 70-piece orchestra and spatial audio with Dolby Atmos. For a limited time, new customers can enjoy three months free of Amazon Music Unlimited, with access to over 75 million songs and podcasts. This new release follows Swift's successful album, Red (Taylor’s Version), and is part of Amazon's extensive holiday programming.
Amazon Books Editors have named Amor Towles’ The Lincoln Highway as the Best Book of 2021, marking a highlight in literary recognition. This annual selection, curated from thousands of books, features 100 top titles across various genres, including memoirs and cookbooks. Sarah Gelman, Editorial Director, emphasized the book's universal appeal and its themes of hope. Towles expressed gratitude for the recognition, hoping readers enjoy the journey of his characters. A live author series celebrating these selections is scheduled for November 16, 2021, at 9 a.m. PST.
Amazon is set to launch a remarkable Black Friday event with thousands of deals on November 25. Discounts will feature electronics from Samsung and LG, popular toys from brands like Barbie and Disney, and a variety of household items. The company highlights its investment in logistics, ensuring swift delivery options for Prime members, including One-Day and Same-Day Delivery. The event aims to support small businesses, showcasing products from diverse sellers. Additionally, Amazon is hiring 125,000 full-time employees, emphasizing its commitment to customer service and operational excellence.
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