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Amazon.com, Inc. (AMZN)

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  • Mar. 13, 2013, 1:20 PM
    Amazon (AMZN -0.2%) launches its 8.9-inch Kindle tablet in the UK, Germany, France, Italy, Spain and Japan. In addition, the company lowered the prices on the larger-sized tablet in the U.S. to $269 for the Wi-Fi version and $399 for the 4G product.
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  • Mar. 13, 2013, 9:12 AM
    More on Amazon (AMZN) Prime: Morningstar notes the big jump in Prime memberships is partially due to the free trial included with a Kindle Fire. According to the firm's estimates, 30% to 40% of all trials have been converted into a paid membership - a decent rate compared to other promotions. On profits, estimates run as high as $78 per member after accounting for shipping and licensing fees. (Previous: Prime subs +10M, Amazon's pricing lever)
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  • Mar. 13, 2013, 7:23 AM
    Amazon (AMZN) makes so much money off of its Prime customers it could drop the $79 annual fee and still come out way ahead. Though the company has no pressing reason to cut into the Prime program with it accounting for close to a third of the firm's operating profit, it's a lever which should strike some fear into retailers such as Target (TGT) and Wal-Mart (WMT).
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  • Mar. 13, 2013, 3:49 AM
    Google (GOOG) is doubling the size of its office space near Seattle and ramping up the hiring of cloud-technology engineers as it looks to take on Amazon (AMZN) Web Services and Microsoft's (MSFT) Azure. Separately, the company has come to an agreement with 38 states to pay $7M to settle accusations that it breached people's privacy with the "drive-by data collection" of personal information when mapping Street View.
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  • Mar. 12, 2013, 11:01 AM
    More on Amazon: 1) Morningstar and CIRP estimate Amazon's Prime subs have surpassed 10M. They also estimate Prime members spend an average of $1,200/year on Amazon (twice as much as others), and that Amazon made $78 per Prime sub last year after various expenses. Bloomberg previously reported Amazon had only 3M-5M Prime subs as of Oct. '11. 2) Amazon Web Services is making a stronger push for enterprise accounts by adding virtual private clouds as a default option. Microsoft, VMware, and OpenStack supporters are pitching private and/or hybrid clouds as an alternative to AWS.
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  • Mar. 12, 2013, 10:42 AM
    While eBay slumps in the wake of ChannelAdvisor's Feb. data, Amazon (AMZN +1.5%) is doing the opposite. Same-store sales for ChannelAdvisor clients using Amazon rose 30.8% Y/Y in February, or 34.8% when normalized for the 2012 leap year. That compares with 34.3% growth in January, and indicates Amazon's 3rd-party sales (39% of Q4 paid units) remain healthy.  Google (GOOG -1.1%) saw mixed results: Google Shopping's same-store growth fell to a normalized 4.5% from January's 7.9%, but search e-commerce growth rose to a normalized 4.9% from a prior -1%.
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  • Mar. 11, 2013, 11:00 AM
    The launch of the fabled Amazon (AMZN -1.1%) smartphone has been pushed back from Q2 due to manufacturing challenges at Foxconn, display industry contacts tell Digitimes. A Taiwanese paper previously reported the phone would launch in Q2 or Q3. If/when the phone arrives, Amazon is expected to be as aggressive with pricing as it has been for its Kindle tablets and e-readers.
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  • Mar. 11, 2013, 7:59 AM
    Redbox (CSTR) and Verizon (VZ) could be looking to break into original programming. At a recent tech symposium, a Creative Artists Agency lawyer tipped off that the companies have been inquiring about programming opportunities. If the report pans out, it makes for beefier streaming competition for Netflix (NFLX) and Amazon (AMZN).
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  • Mar. 11, 2013, 7:31 AM
    Book publishing groups and Barnes & Noble oppose Amazon's (AMZN) bid to nab domain suffix names such as ".book", ".author", and ".read" due to the competitive threat it would present. Internet watchdog ICANN is in the process of doling out rights for top-level domains to companies. Amazon has more than books on its minds as it has applications in the hopper for ".movie" and ".app" as well.
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  • Mar. 6, 2013, 9:27 AM
    Amazon (AMZN) says its studio unit will test a pilot for an original children’s series called Sara Solves It. The company notes it now has 12 pilots currently under development for its streaming service with user votes being the ultimate determination of which shows it will back for production.
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  • Mar. 5, 2013, 1:02 PM
    Millennial Media (MM -4.8%) makes fresh post-IPO lows after Needham launches coverage with a Hold. While expecting Millennial to "continue to experience exceptionally strong growth over the next few years," the firm sees "emerging competition" limiting upside to current estimates. The report comes as one of those emerging rivals, Amazon (AMZN), rolls out a mobile ad API for Android apps offered in its Appstore. Amazon is already selling Kindle lock screen ads, and has reportedly considered making a mobile ad acquisition.
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  • Mar. 5, 2013, 7:11 AM
    Google (GOOG) continues to build out a same-day delivery service called 'Google Shopping Express" to compete with Amazon Prime (AMZN), according to TechCrunch. The price of the service will reportedly be $10 to $15 less than Amazon Prime's $79 annual fee and will include same-day delivery from brick-and-mortar retail chains.
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  • Mar. 4, 2013, 6:41 AM
    Amazon (AMZN) is under increasing scrutiny in Germany over its treatment of temporary workers. Politicians have latched onto the issue and it could be part of the debate in national elections scheduled for later in the year. The end game: Issues over relations with labor unions eventually prompted Wal-Mart to exit the nation in 2006.
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  • Mar. 4, 2013, 3:17 AM
    Wal-Mart (WMT) U.S. CEO Bill Simon is "anxious" to compete with Amazon's (AMZN) Marketplace for independent merchants, identifying the offering as the tech giant's "number one weapon." Wal-Mart launched its own Marketplace four years ago but it only has six outside retailers while Amazon has 2M. Other players ramping up their efforts include eBay (EBAY) and Google (GOOG).
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  • Mar. 1, 2013, 7:03 PM
    VMware (VMW) appears set to step up its battle with Amazon Web Services (AWS): the company is reportedly working on a solution that lets clients move private cloud workloads onto a VMware-owned cloud infrastructure. The report comes as sales of VMware's costly vCloud suite pick up among private and public cloud owners, and CEO Pat Gelsinger all but declares war on AWS, which is expected by Oppenheimer to produce $3.25B in 2013 sales. Also reportedly in the works is Project Zephyr, a public cloud that directly competes with AWS, Google, Microsoft, and Rackspace.
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  • Mar. 1, 2013, 4:34 PM
    Amazon (AMZN) reportedly wants a big piece of the Big Apple: real-estate execs tell the WSJ Amazon is looking for 300K-500K sq. feet of Manhattan office space. The paper notes 500K sq. feet usually fits 2K-3K workers, and that Amazon currently has just 100K sq. feet in Manhattan. Last year, Amazon spent $1.16B to buy its sprawling downtown Seattle HQ.
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AMZN vs. ETF Alternatives
Company Description
Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements.