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 has been named the No. 1 company where Americans want to work in 2021 by LinkedIn, rising from No. 3 in 2019. This annual ranking assesses how companies attract and retain talent, focusing on promotions and diversity. In 2020, Amazon created over 400,000 jobs in the U.S. and received 30 million job applications. With a starting pay of at least $15 an hour, 93% of new hires cited company-funded skills training as a retention factor. Amazon continues its commitment to employee development, investing $700 million by 2025.
Amazon has unveiled the next generation of Fire HD 10 tablets, featuring a new design, improved performance, and enhanced display. The Fire HD 10 is available for $149.99, with a brighter 10.1” Full HD display, an octa-core processor, and up to 12 hours of battery life. Additionally, the Fire HD 10 Plus, priced starting at $179.99, offers even more RAM and wireless charging. Customers can also purchase the Fire HD 10 Productivity Bundle, which includes a detachable keyboard case and a Microsoft 365 subscription for $219.99. All products will begin shipping on May 26.
Amazon.com, Inc. (NASDAQ: AMZN) has launched the all-new Fire Kids Pro tablets for children aged 6-12 and the next-gen Fire HD 10 Kids tablet for ages 3-7. The Fire Kids Pro features a one-year subscription to Amazon Kids+, offering thousands of educational and entertainment options, along with a digital store for app requests. Key features include enhanced parental controls, a web browser with filters, and voice/video calling capabilities. The new tablets come with a protective case and a two-year worry-free guarantee, ensuring a safe and engaging experience for kids.
Amazon (AMZN) has expanded its Key by Amazon In-Garage Grocery Delivery service to over 5,000 U.S. cities, allowing millions of Prime members to receive their groceries securely in their garages. Originally launched in five cities, this service addresses the growing demand for convenience, as highlighted by a Morning Consult survey where 70% of Americans find grocery delivery beneficial. The service is available at no extra cost for eligible Prime members, requiring a compatible garage door opener for secure delivery.
Amazon (NASDAQ: AMZN) has launched the Intellectual Property Accelerator (IP Accelerator) in Canada, simplifying the process for small and medium-sized businesses (SMBs) to obtain trademarks and protect their brands. The service connects SMBs with local law firms offering reduced rates for IP services. More than 30,000 Canadian sellers have generated over $2 billion in sales through Amazon. The IP Accelerator builds on Amazon's Brand Registry, offering SMBs tools for brand protection even before trademark registration. Since its U.S. launch in 2019, IP Accelerator has facilitated over 6,000 trademark applications.
Amazon Web Services (AWS) has been selected by DISH Network as its preferred cloud provider to construct a cloud-native 5G network, aiming to transform the consumption of 5G services. This collaboration allows DISH to deploy the first standalone, cloud-based 5G Open Radio Access Network in the U.S., starting with Las Vegas. AWS’s infrastructure will enable DISH to automate operations, optimize costs, and facilitate new application development. The deal emphasizes agility and responsiveness, with potential applications across various industries, including smart factories, healthcare, and gaming.
Amazon (NASDAQ: AMZN) has announced nine new utility-scale wind and solar energy projects across the U.S., Canada, Spain, Sweden, and the UK, adding to its global total of 206 renewable energy projects with an electricity production capacity of 8.5 GW. This positions Amazon as the largest corporate buyer of renewable energy in Europe, contributing enough power for over two million homes. The projects support Amazon’s commitment to achieve 100% renewable energy by 2025 and its Climate Pledge to reach net-zero carbon by 2040.
Amazon.com, Inc. (NASDAQ: AMZN) will host a conference call on April 29, 2021, at 2:30 p.m. PT/5:30 p.m. ET, to discuss its first quarter 2021 financial results. The event will be available via live webcast, along with accompanying audio and slides, accessible for three months at www.amazon.com/ir. Investors can expect detailed discussions on earnings, revenue, and future outlook during this call.
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