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An overlooked line in Amazon’s earnings release could mean it wants re-enter the phone market after its $170 million Fire Phone disaster
Amazon's first attempt with Fire Phone famously went up in smoke in 2015 after disappointing sales caused the e-commerce giant to take a $170 million write down and cease production of the products altogether.
‘Web Services was the star of the show yet again’: Here’s what Wall Street is saying about Amazon’s record earnings
Amazon Web Services helped fuel Amazon's largest ever quarterly profit in its more than two decades as a public company.
Young investors on the stock-trading app Robinhood are loading up on Amazon ahead of the e-commerce giant's second-quarter results.
Prime Day is expected to bring in $3.6 billion in sales, one analyst estimates, up from $2.4 billion the previous year as Amazon's subscription service continues to be the bedrock of its growth.
Daniel Ives of GBH Insights estimates Amazon Prime Day will rake in $3.6 billion in sales over the course of the 36-hour promotion. "It's just another ingredient in Amazon's recipe for success," he said in an interview Monday.
Nike has a big advantage over its competition, according to Nomura Instinet analyst Simeon Siegel. The sneaker giant can simply outspend other sports-apparel retailers, Siegel wrote in a note out to clients. In that sense, Nike reminds Siegel of Amazon.
Amazon is buying online pharmacy PillPack, and the main pharmacy stocks are getting whacked.
Amazon is upping its investment dollars in India in order to compete with Walmart, which just bought Flipkart, the top Indian e-commerce company. This is part of a "Cold War" in the Indian e-commerce space, a team of Barclays analysts wrote.
Tim Stone, who has worked at Amazon since 1998, will start on May 16 with an annual salary of $500,000 plus a $20 million bonus of restricted stock and 500,000 options to purchase more shares. His predecessor was making $300,000 per year with a $200,000 bonus, according to regulatory filings.
Amazon could beat Apple and Microsoft to be the first trillion dollar company, Macquarie says.