Groceries and cleaning supplies aren’t the only things Amazon is selling during the pandemic. The e-commerce giant is peddling plenty of advertising space to companies hoping to give their items prime placement in front of Amazon’s legions of shoppers. The demand has kept Amazon’s ad sales strong amid Covid-19, even as its big tech competitors in digital advertising, Google and Facebook, suffer slowdowns. Those two...
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Amazon (AMZN) posted second quarter earnings on Thursday that blew away Wall Street estimates, bolstered by consumer trends during the coronavirus pandemic that have catapulted the tech giant into one of the crisis’ biggest beneficiaries. The company’s results are even more impressive given that it acknowledged spending over $4 billion during the quarter on COVID-19 related costs. Here are the results compared to estimates from...
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Amazon price ended yesterday at record highs capitalizing the idea that online retail is the big winner from the coronavirus crisis. Online shopping has accelerated during the COVID-19 lockdown benefiting Amazon, Walmart, Etsy, and eBay, and also the online entertainment providers. I expect this trend for e-commerce to continue as consumers will shift from stocking up on food to a wider variety of supplies, and...
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Amazon Prime is a large contributing factor to the company’s continued growth in online retail. Amazon posted a 24% year-over-year increase in net sales in North America last quarter, which is massive for a company that dominates e-commerce as much as this tech company does. By next year, over 50% of Americans will have access to a Prime subscription, according to estimates from eMarketer. That’s...
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The calendar just ticked over to November, which means it’s officially holiday shopping season. Amazon (NASDAQ:AMZN) — already taking the lion’s share of online retail sales — is pushing to set new sales records even as brick-and-mortar competitors, including Walmart (NYSE:WMT) and Target (NYSE:TGT), have quickly grown their digital sales channels. Both competitors now offer same-day delivery subscriptions — Delivery Unlimited and Shipt, respectively —...
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Amazon has released its third quarter earnings report, and its online and subscription sales are up substantially. According to the company, net online store sales were up 21% in Q3 of 2019 over the same period in 2018, and net subscription service sales were up 34%. Books are present in both of these categories–in the former, as both e-books and physical books purchased via Amazon.com,...
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India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com <AMZN.O> executive said on Wednesday. “There is so much opportunity to just let ecommerce thrive versus trying to define every single guard rail under which it should operate,” Amazon’s India head Amit Agarwal told Reuters, ahead of...
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Amazon posted a record quarterly profit of $3.6bn, more than doubling from $1.6 billion in the year prior, while its ad revenue growth slowed to a still impressive 34%. This marks the sixth straight quarter in which Amazon’s profits have topped $1 billion and the fourth consecutive quarter of record profits. The online retail giant also said it will offer one-day delivery for its Prime...
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Amazon (AMZN – Get Report) is one of the most disruptive companies in the world. But this is already factored in many times over in its share price, and, worse, Amazon has no margin of safety right now. Where’s the Edge? Amazon has an unrivaled shareholder base. This makes sense, since the stock has done tremendously well over the past 10 years and is up more than 27 times...
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Amazon reported its 2018 fiscal year and fourth quarter financial results on January 31. As expected, the company surpassed last year’s results with a superb performance, especially in North America. Product sales, advertising, and Amazon Web Services all exhibited robust growth. Amazon is cautious in its 2019 guidance, however, because of changes in government regulations in other countries and an anticipated increase in expenses. Fourth...
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