Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Amazon turns investor attention from sales growth to big profits: Spencer Soper at Bloomberg reports that Amazon.com Inc. investors have traditionally given it a pass on money-losing quarters and narrow profit margins so long as revenue growth kept surpassing expectations. That dynamic flipped on Thursday, propelling the 24-year-old company into a potentially steadier phase. Amazon reported a record second-quarter profit of $2.53 billion, or $5.07 per share. The Seattle-based company has generated net income of $4.16 billion in the first half of this year, more than the previous seven quarters combined, according to data compiled by Bloomberg. In 2014, Amazon lost $131 million. Continue reading…
What one guy learned from working at Amazon and Microsoft — and how it shaped his $500 million start-up: Karen Gilchrist at CNBC asks have you ever wondered what it’s like to work at Amazon or Microsoft? Manny Medina is a guy in the know. He’s one of a growing number of Seattle-based techies who has jumped between the two. And while both companies share a reputation as industry pioneers, he said the experience showed him some stark differences that set them apart. “If you want to get a job at either Amazon or Microsoft, of course you need to be technically-minded and be able to see how your work applies across the business. But both companies take quite different approaches to that,” Continue reading…
Amazon posts record $2.5bn profit fuelled by ad and cloud businesses: Julia Carrie Wong for The Guardian reports that Amazon posted a record profit of $2.5bn in the second quarter of 2018, thanks to strong performance by the retail giant’s non-retail divisions – advertising and cloud-computing. The favourable profit results, which were double analyst expectations, buoyed tech investors a day after weak growth saw Facebook’s market value plunged by $119bn, the single greatest one-day loss in US history. Continue reading…
SEAT to integrate Amazon Alexa ‘personal’ assistant in its cars: Chris Rosamond at Auto Express writes that SEAT has struck a deal with Amazon to bring the firm’s personal assistant tech into its new models. Amazon’s ‘personal assistant’ Alexa could soon be making an appearance in your car, as SEAT announces it will be first of the European car makers to integrate the technology in its vehicles. The Alexa voice service, which uses artificial intelligence to respond to a range of instructions and perform functions in a domestic setting, will in future also allow drivers to access functionality that’s specific to a motoring environment. Continue reading…
Tech investors put faith in Amazon for lift after Facebook’s rout: Kamaron Leech at Bloomberg reports that tech investors are pinning their hopes on Jeff Bezos after disappointing earnings sank shares of megacap peers Facebook Inc. and Netflix Inc. With the success of Amazon.com Inc.’s fourth Prime Day sale fresh in their minds, Wall Street analysts expect positive results from the company’s second-quarter report Thursday afternoon. The ecommerce giant’s two premiere segments, Amazon Web Services and advertising, should show continued strength, and “a healthy consumer spending backdrop in the US” will be good for the retail business, according to Stifel analyst Scott Devitt. Continue reading…
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