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 Business has released its 2021 B2B E-commerce in Evolution Report, revealing critical insights from 250 B2B buyers and sellers across various industries. The report highlights a significant shift towards online procurement, with 85% of buyers accelerating their online purchasing due to the pandemic. Additionally, 96% expect to continue online buying post-pandemic. The report emphasizes the importance of maximizing e-procurement technologies, improving customer experiences, and addressing social and environmental considerations in procurement strategies.
Amazon Web Services (AWS) has announced the opening of a new infrastructure region in Israel (Tel Aviv) in the first half of 2023. This development aims to support developers, startups, and government agencies in running applications locally. The Israeli government has selected AWS as its primary cloud provider under the Nimbus contract, facilitating cloud services for various ministries and public sector organizations. AWS's expansion includes 81 Availability Zones across 25 regions worldwide, enhancing local customers' access to advanced cloud technologies while meeting data residency requirements.
Amazon (NASDAQ: AMZN) and HanesBrands have filed 13 lawsuits against 17 defendants for selling unauthorized silicone protective earbud case covers that infringe on HanesBrands' Champion trademarks. The lawsuits, filed in the U.S. District Court for the Western District of Washington, accuse the defendants of misleading consumers about the product's authenticity. Amazon has closed the defendants' selling accounts and continues to invest heavily in brand protection, with over $700 million spent and a dedicated Counterfeit Crimes Unit established.
Amazon Music has launched DJ Mode, an innovative on-demand listening experience that combines streaming music with DJ-hosted radio. Available now for U.S. listeners, DJ Mode features personalized music selections and commentary across popular genres like hip-hop, country, and pop. The first artist-led experience, The Billie Eilish Takeover, showcases Eilish's influences and stories behind her music. Prime members benefit from promotional offers on Amazon Music Unlimited. DJ Mode aims to enhance music enjoyment by merging streaming's convenience with radio's engagement.
BMO Financial Group has selected AWS as its preferred cloud provider to modernize its banking platforms and enhance digital financial services. This partnership will leverage AWS's cloud capabilities, including analytics and machine learning, to streamline operations and strengthen security compliance. BMO aims to migrate strategic workloads, develop a data lake, and improve customer experience through Amazon Connect. With over 12 million customers and $950 billion in assets, BMO expects this collaboration to accelerate its digital transformation and innovation in financial services.
Amazon Web Services (AWS) has launched AWS Proton, a service designed to simplify the management of microservices for container and serverless applications. AWS Proton allows infrastructure teams to create standardized application stacks, streamlining the deployment and monitoring process. The service is available at no upfront cost, with customers only paying for the AWS resources they utilize. This launch aims to address challenges in managing numerous microservices, enhancing developer productivity while ensuring adherence to best practices and security standards.
Amazon.com (NASDAQ: AMZN) announced its selection for 2021’s Best Books of the Year So Far, with Great Circle by Maggie Shipstead taking the top spot. The Amazon Books Editors reviewed numerous new releases, highlighting a diverse range of genres suitable for summer reading. Editor Sarah Gelman emphasized the importance of escapism in their selections. The list features works that explore various cultures and experiences, aiming to connect readers with meaningful narratives. A live discussion with featured authors will occur on June 9, 2021, at 1:30 PM PT.
Amazon (AMZN) announces its upcoming Prime Day on June 21-22, marking the event's seventh year with over 2 million deals globally, the highest ever. Prior to Prime Day, members can access hundreds of thousands of early deals across various categories, including electronics, fashion, and home essentials. Notably, starting June 13, discounts of up to 70% on Echo devices will be available. Additionally, a new promotion offers $10 credits for members who shop small businesses, part of a $100 million investment to support them. Prime membership benefits continue to enhance customer experience.
The Amazon Literary Partnership announced over $1 million in grant funding to 80 nonprofit literary organizations across the U.S. This initiative aims to empower diverse and marginalized voices within the literary community. Key grants of $140,000 each were awarded to the Academy of American Poets and the Community of Literary Presses and Magazines to support various poetry organizations and literary magazines. Since 2009, the partnership has provided $14 million in funding to over 150 organizations, impacting tens of thousands of writers.
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