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 (AMZN) has announced support for over a thousand charities globally through product and monetary donations, aimed at providing essential items to communities in need. This initiative will commence immediately across multiple countries, including the U.S., U.K., and India. Celebrity partnerships, like with Gabrielle Union, will help promote the campaign. AmazonSmile will facilitate donations, contributing over $215 million to charities to date. Key organizations like Covenant House and Second Harvest Food Bank will receive specific aid, enhancing Amazon's commitment to community support during the ongoing challenges of the pandemic.
Amazon.com (NASDAQ: AMZN) announced plans to open two new fulfillment centers in Kansas, expected to create over 1,000 full-time jobs with competitive pay and benefits starting immediately. These centers will focus on shipping large items like patio furniture. Amazon also plans to establish a delivery station in Wichita. The company has invested over $700 million in employee training and generated more than $2.9 billion in Kansas, contributing significantly to the local economy with job creation and GDP growth.
Amazon (NASDAQ:AMZN) has launched its Holiday Dash deals event, offering early Black Friday deals with significant discounts across various categories including toys, fashion, electronics, and home products. Customers can access daily deals at amazon.com/holidaydash and through the Amazon App, promoting early shopping and a wide selection of products. Amazon is also providing over a million deals worldwide, along with extended return policies for items purchased during the holiday season. Prime members have access to exclusive savings and fast delivery options, enhancing the overall shopping experience.
Amazon.com, Inc. (NASDAQ: AMZN) is set to hold a conference call on October 29, 2020, at 2:30 p.m. PT to discuss its third quarter 2020 financial results. The call will be available via live webcast, and the audio along with associated presentation slides will remain accessible for at least three months on the company's investor relations page at www.amazon.com/ir.
Amazon's recent Prime Day event marked record-breaking sales, generating over $3.5 billion for small and medium-sized businesses, a nearly 60% increase from last year. The event spanned 19 countries and resulted in Prime members saving more than $1.4 billion. Amazon is investing $18 billion in support of small businesses, with significant promotions leading to over $900 million in sales prior to Prime Day. Popular categories included Home and Electronics, with top-selling products like Echo Dot and iRobot Roomba. Prime membership continues to grow, enhancing customer savings and shopping experiences.
Amazon is set to launch its highly anticipated Prime Day on October 13 at 12am PT, offering exclusive access to over one million deals across 19 countries. Members can shop early via Alexa starting October 11, with a focus on supporting small businesses. The promotion includes curated collections featuring small businesses and a $10 credit for spending $10 on select items. Prime Day will showcase unprecedented deals on Amazon devices, electronics, home goods, toys, and more, with significant discounts available on top brands and products.
Amazon Web Services (AWS) and Carrier Global Corporation have entered a multi-year agreement to co-develop Carrier's Lynx digital platform, enhancing visibility and intelligence in cold chain operations. This collaboration aims to improve temperature-sensitive cargo management, optimizing resource utilization and reducing loss. The Lynx platform will integrate Carrier's refrigeration solutions with AWS's IoT and analytics capabilities, offering end-to-end tracking and predictive analytics. This partnership signifies a strategic move for both companies in the rapidly evolving digital transformation landscape.
Amazon (AMZN) has announced a $1 million donation to assist underserved students in Northern Virginia, addressing urgent needs amid the COVID-19 pandemic. The funds will be allocated through the 'Right Now Needs Fund' managed by Communities In Schools NOVA, ensuring students receive essentials like food, clothing, and school supplies. This initiative follows Amazon's previous efforts, including a similar fund in Seattle that has supported over 17,000 instances of aid. Amazon aims to help students focus on their education during these challenging times.
Amazon's eero introduces eero for Service Providers, a premium hardware and software solution aimed at enhancing internet service providers' (ISPs) ability to deliver high-quality home wifi. Set to launch in November, this offering integrates advanced features such as eero Insight for predictive network management, eero Secure for enhanced security, and the eero 6 Series Mesh Wifi Systems supporting Wi-Fi 6 technology. These tools aim to improve customer satisfaction and retention while allowing ISPs to better address challenges in the evolving landscape of home connectivity.
Amazon reported that Vu Anh Nguyen was charged with federal wire fraud and aggravated identity theft after issuing false refunds to himself and associates. The company identified the suspicious activity through its monitoring systems, leading to Nguyen's termination and a report to law enforcement. The Department of Justice's prompt action underscores Amazon's commitment to preventing fraud. Amazon emphasizes that it proactively mitigates misconduct and reaffirms its position against fraudulent behavior.
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