Tag Archives: amzn

CEO Bezos Says Amazon Cloud Business Outpacing Its E-Tail Business

After 10 years, Amazon Web Services, the company’s cloud computing division, is a $10 billion business, Amazon.com ( AMZN ) CEO Jeff Bezos wrote in a letter to shareholders Tuesday. Though the $10 billion figure is not new — the firm’s Q4 AWS sales suggested a run-rate of $10 billion — it is the first time that Bezos has offered AWS guidance for 2016. Bezos also said in the shareholder letter, contained in the company’s 8-K filing with the SEC, that AWS is larger than Amazon was at the same stage in its history. “Over time, it’s likely that most companies will choose not to run their own data centers, opting for the cloud instead,” Bezos wrote. Amazon stock was up nearly 2%, near 597, in afternoon trading on the stock market today . The company has an IBD Composite Rating of 77, where 99 is the highest. AWS dwarfs rival Microsoft ( MSFT ), which has been fighting to make gains in the cloud market. Alphabet ( GOOGL )-run Google is a distant third in market share. At its GPU technology conference in San Jose, Calif., this week, chipmaker Nvidia ( NVDA ) announced several new pieces of hardware targeted at cloud computing.

Amazon.com Expands Same-Day Delivery To 11 New Metro Markets

E-commerce leader  Amazon.com ( AMZN ) announced Wednesday that it was expanding its free same-day delivery to 11 additional metro areas and expanding coverage in several other major markets. Free same-day delivery is a perk for Amazon Prime subscribers, the company’s loyalty program. Prime costs $99 a year, for which users get such other perks as free video streaming and free two-day shipping where same-day delivery isn’t available. With same-day delivery, orders placed before noon arrive before 9 p.m. the same day. Afternoon orders will arrive the next day, the company said in a press release Wednesday . Prime has more than 50 million members, some analysts say, and is a key driver in the e-commerce giant’s explosive growth. Amazon hasn’t disclosed its Prime membership numbers. Amazon says that its same-day delivery option is now available in more than 1,000 cities and towns in the U.S. “Prime was developed to make shopping on Amazon fast and convenient, and millions of members have used Prime free same-day delivery to make their lives even easier,” Greg Greeley, vice president of Prime, said in the release. “We keep making Prime better, and as our operational capabilities grow, we will continue to invent and expand delivery options that customers love.” The new markets are Cincinnati; Milwaukee; the North Carolina cities of Charlotte and Raleigh; the California cities of Fresno, Sacramento and Stockton; Richmond, Va.; Louisville, Ky.; Nashville, Tenn.; and Tucson, Ariz. Amazon stock was up nearly 2%, near 597, in afternoon trading on the stock market today . The company has an IBD Composite Rating of 77, where 99 is the highest. Amazon and its dominant position in the market have left other e-tailers such as eBay ( EBAY ) and Wal-Mart ’ s ( WMT ) Walmart.com struggling to gain traction. EBay announced Tuesday that it was launching a new shipping supplies store that will provide eBay-branded packaging to sellers using the site. Startups such as Jet.com and Alibaba ( BABA )-backed ShopRunner are also taking aim at Amazon’s dominance.

Here’s How Apple Could Up Its TV Game With Skinny Bundle On Hold

Loading the player… Apple ( AAPL ) has put plans for its own “skinny” streaming bundle on hold, but the tech giant could expand its presence in the television space with the acquisition of DVR maker TiVo ( TIVO ), according to an analyst with Albert Fried. Reports surfaced in late March that TiVo was in talks to be acquired by Rovi ( ROVI ), a supplier of interactive program guides. While the analyst says that deal has merits, a TiVo acquisition by a consumer electronics company like Apple, Amazon ( AMZN ) or Microsoft ( MSFT ) is more attractive. That’s because consumer electronics firms “can better market and develop TiVo and TiVo’s ability to sell to roughly 80 million (subscribers) could be better exploited.” TiVo shares jumped 23% on the buyout rumors to retake their downward-sloping 200-day line. The stock is now looking for support around that level, rising nearly 1% on the  stock market today . TiVo is trading 20% below its 52-week high. Apple tried to retake its 200-day line in Monday’s session, but closed the day just below that level. The stock has now fallen back below the 110 price level, edging up 0.4% intraday. Shares are trading about 18% below their all-time high reached at the end of last August. Amazon rose 1.8% intraday, while Microsoft ticked 0.4% higher. Meanwhile, Starz ( STRZA ) announced Tuesday it’s launching its own over-the-top streaming service, joining Netflix, Time Warner ( TWX )-owned HBO, CBS ( CBS ) and others in the pursuit of capturing the cord-cutting audience. The $8.99-a-month Starz service undercuts that of Netflix ( NFLX ), which is raising its price by $2 to $9.99 in May for “grandfathered in” customers. Starz rose fractionally while Netflix dipped 0.5%.