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Update: 10

Amazon loss widens despite climbing sales

Source: Channel News Asia

SAN FRANCISCO: Internet retail titan Amazon on Thursday (July 24) reported a money-losing quarter despite impressive growth in sales, sending shares plummeting by more than nine per cent. The Seattle-based firm said that it had a net loss of $126 million in the quarter that ended June 30, widening the deficit from $7 million in the same period a year earlier.Sales, meanwhile, climbed to $19.34 billion in a 23 ...
Full article at: Channel News Asia 1 day ago, 7:57pm CDT
 


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Update: 9

Amazon Stock Plummets After Q2 Earnings Miss

Source: Deadline

Shares are down 10.2% in post market trading after the e-retailer reported a far bigger Q2 loss than investors expected. Amazon lost $126M, up from a $7M loss in the period last year, on revenues of $19.3B, +23.2%. The top line was right on target with analysts’ consensus forecast. But the loss at 27 cents a share far exceeded the 15 cent loss the Street anticipated. What’s more, Amazon warns that it could lose as much as $810M on an operating basis in Q ...
Full article at: Deadline 1 day ago, 5:34pm CDT
 

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Update: 8

DRONES: Commercial Drones Are Becoming A Reality, With Huge Impacts For Many Industries

Source: Business Insider

Not too long ago, when most people heard the word “drones,” they thought of unmanned military aircraft engaged in highly controversial clandestine operations. But when Jeff Bezos announced that Amazon was testing the idea of delivering packages via drones, he made drones with popular commercial application suddenly seem like a viable proposition. While drones are unlikely to become a part of our daily lives in the immediate future, they will soon begin taking on much larger roles for ...
Full article at: Business Insider 2 days ago, 11:10am CDT
 

Update: 6

Review roundup: Fire Phone is good for Amazon, but doesn't stack up to competitors

Source: AppleInsider

As e-commerce behemoth Amazon gears up for the release of its first-ever smartphone on Friday, technology journalists have begun to weigh in with their thoughts on the device -- and the returns don't look good for Jeff Bezos ...
Full article at: AppleInsider 2 days ago, 10:44am CDT
 

Update: 5

REVIEW: Amazon's New Fire Phone Has Some Fun Features, But You're Going To Miss All The Best Apps (AMZN, T)

Source: The Business Insider

Amazon's first smartphone, the Fire phone, hits stores June 25, and comes bundled with a free year of Amazon Prime, which includes free shipping on thousands of items as well as a growing selection of free movies, books, and music. Amazon CEO Jeff Bezos introduced the phone at its launch event by saying that the company decided to try something completely innovative and different. The Fire Phone certainly is different thanks to its 3-D effects and camera mode that can automatically identify ...
Full article at: The Business Insider 3 days ago, 8:00pm CDT
 

Update: 4

AP announces robot takeover of earnings reports, but no job cuts

Source: The Bleacher Report College Baseball News

An update on the robot takeover of commodity journalism—all those stories that anyone with basic skills can write. The Associated Press announced recently that starting this month it’s going to use software to write stories about earnings reports. The good news is that the software, from a company called Automated Insights, can produce 4,400 such stories about U.S. companies per quarter, rather than the 300 the AP’s reporters can write in that time, according to AP managing editor Lo ...
Full article at: The Bleacher Report College Baseball News Jul 16 2014, 8:43am CDT
 

Update: 3

Authors call on readers in Amazon book battle

Source: Asia One

NEW YORK - Big-name authors are calling on readers to help them get out of the cross-fire in a battle between online giant Amazon and French publishing powerhouse Hachette.An open letter to readers picking up momentum online Thursday had racked up more than 60 signatures including those of Lee Child, James Patterson, Hilary Spurling, and Scott Turow."We feel strongly that no bookseller should block the sale of books or otherwise prevent or discourage customers from ordering or rece ...
Full article at: Asia One Jul 3 2014, 10:39pm CDT
 

Update: 2

Stephen King and Nora Roberts among hundreds of writers backing anti-Amazon letter

Source: Canadian Business Online

NEW YORK, N.Y. – Stephen King, Nora Roberts and Donna Tartt are among the hundreds of authors who have added their names to an online letter criticizing Amazon.com for restricting access to works published by Hachette Book Group. The letter, initiated by Hachette author Douglas Preston, urged Amazon to resolve its standoff with Hachette over e-book prices and other issues. Readers were asked to email Amazon CEO Jeff Bezos at jeff@amazon.com and “tell him what you think.” Amazon has slowed deliv ...
Full article at: Canadian Business Online Jul 3 2014, 5:01pm CDT
 

Update: 1

Amazon Fire Phone Fizzles Out

Source: bidness etc

Amazon.com, Inc. (AMZN) unveiled its Fire Phone on June 18, marking its debut in the saturated smartphone market. The company organized a special conference, with a select few guests to see CEO Jeff Bezos do the honors. You can also read: Amazon’s Highflying Drone Ambitions Shot Down By FAA   It has been two weeks since the phone was launched, and it is currently holding the 69th spot on Amazon’s best-seller list for electronics. The 32GB version of the phone was in the top sp ...
Full article at: bidness etc Jul 2 2014, 5:07am CDT
 



 

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