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), part of Amazon (NASDAQ: AMZN), has secured a 10-year strategic partnership with Itaú Unibanco, Latin America’s largest bank. This collaboration will facilitate Itaú's migration of its IT infrastructure, including core banking systems and applications, to AWS, enhancing operational efficiency and customer services for its 56 million customers. By leveraging AWS's cloud capabilities, Itaú aims to innovate faster and expand its digital offerings while ensuring regulatory compliance. The deal builds on Itaú's existing relationship with AWS, promoting a broader digital transformation.
Amazon (NASDAQ: AMZN) has launched its Intellectual Property Accelerator in six European countries: France, Germany, Italy, Spain, Netherlands, and the UK. This initiative aims to help small and medium-sized businesses (SMBs) secure trademarks and combat counterfeit goods more affordably. By connecting SMBs with a network of law firms offering pre-negotiated fees, Amazon addresses the knowledge gap among entrepreneurs regarding IP rights. Since its US launch in 2019, the program has facilitated 6,000 trademark applications, enhancing brand protection for participating SMBs.
Amazon Web Services (AWS) has launched Amazon Managed Workflows for Apache Airflow (MWAA), enabling data engineers to execute workflows efficiently in the cloud. This managed service simplifies workflow management, enhancing scalability, availability, and security without the burden of self-managed infrastructure. Customers benefit from a familiar Airflow platform, with secure access and integrated monitoring. Notable companies like The Pokémon Company and Rocket Mortgage are already leveraging MWAA for improved operational efficiency. Amazon MWAA is currently available in multiple regions, allowing customers to scale data processing without upfront costs.
The National Intellectual Property Rights Coordination Center has partnered with Amazon to combat the importation of counterfeit goods into the U.S. This operation involves collaboration with U.S. Customs and Border Protection and DHL, focusing on data analysis and targeted inspections. Amazon's Counterfeit Crimes Unit will lead investigations, enhancing border security efforts. In 2019, Amazon invested over $500 million in anti-counterfeiting measures, achieving a 99.9% complaint-free rate for product pages. This initiative builds on existing public-private efforts to curb intellectual property theft.
Amazon Web Services (AWS) announced its partnership with Mercado Libre, selecting AWS as its primary cloud provider. This collaboration aims to enhance Mercado Libre's data-driven transformation, improving user experiences and accelerating service launches. Mercado Libre, the largest e-commerce provider in Latin America, will leverage AWS's scalable infrastructure and machine learning services to analyze over 25 terabytes of transaction data daily. This strategic move will support Mercado Libre's growth and operational efficiency, particularly during peak shopping periods.
Amazon Web Services (AWS) has been chosen by Zalando as its preferred cloud provider, fully adopting AWS for machine learning operations. This partnership aims to enhance Zalando's online shopping experience for over 35 million customers across 17 countries by utilizing AWS’s machine learning services for personalized recommendations and operational efficiency. Zalando will also leverage AWS technologies to optimize supply chain management and improve data insights, thereby reducing IT management time by over 30%.
Amazon Music has announced a new three-part holiday concert series titled “Amazon Music Holiday Plays,” hosted by Lil Nas X. The series premieres on December 1 and features performances from artists including Miley Cyrus, Kiana Ledé, and Foo Fighters. Each episode will showcase unique sets, Q&A sessions, and both new music and holiday classics. The concerts will be available through the Amazon Music app and on-demand via Prime Video until December 31.
Amazon.com (NASDAQ: AMZN) is enhancing holiday gift deliveries with 'spoiler-free' options, allowing customers to keep gifts secret during the festive season. Key features include real-time tracking via Amazon Map Tracking, Share Tracking for sharing updates, Photo-On-Delivery for visual confirmation, and estimated delivery windows. Prime members can consolidate deliveries to a single day and utilize in-garage delivery for added security. Additionally, customers can select alternative delivery locations and use Alexa to prevent gift information disclosure. These innovations aim to improve customer experience during the holidays.
Amazon has announced its Best Books of the Year list for 2020, naming Brittany K. Barnett's memoir A Knock at Midnight as the top selection. This memoir addresses the complexities of the criminal justice system and seeks to raise awareness about the injustices faced by many Americans. The Top 10 list includes various genres, showcasing titles such as Migrations by Charlotte McConaghy and The Vanishing Half by Brit Bennett. An Amazon Live Author Series event is planned to celebrate these selections.
Amazon (NASDAQ: AMZN) and Global Optimism announced that Henkel has joined The Climate Pledge, committing to reach net-zero carbon by 2040, well ahead of the Paris Agreement goal of 2050. Signify, which achieved carbon neutrality in 2020, also joins to share best practices. Signatories will measure emissions, adopt decarbonization strategies, and offset unreduced emissions to achieve net-zero. Henkel plans a 65% reduction in its carbon footprint by 2025, aiming for 75% by 2030, with 100% renewable energy usage by then.
FAQ
What is the current stock price of Amazon.Com (AMZN)?
What is the market cap of Amazon.Com (AMZN)?
What are the primary business areas of Amazon.com, Inc.?
How significant is AWS to Amazon’s revenue?
What recent developments has Amazon made in grocery delivery?
How is Amazon innovating in artificial intelligence?
What was Amazon’s financial performance in Q1 2024?
What is the scope of Amazon’s international sales?
What are some of the entertainment offerings from Amazon?
How does Amazon support its logistics and infrastructure growth?
What are Amazon’s guiding principles?