Tuesday, 20 August, 2019

Amazon to bring 1-day delivery to Prime members

Amazon's profit surges on cloud computing, advertising gains Money-maker Amazon's profit more than doubles in three months
Russell Knight | 26 April, 2019, 10:26

There is not now a set date for the launch, but Olsavsky said "it will take us a significant amount of time to achieve". Its growth, he said, is "a testament to a growing market but also AWS sustained competitiveness with cost-saving downshifting features, a multitude of compute, storage, networking and database options, and winning in core areas of machine learning". "We expect to make steady progress quickly and through the year", Brian Olsavsky, Amazon's chief financial officer, said in a Thursday earnings call with analysts.

He said Amazon is already spending heavily to update its infrastructure to make the change, including $800 million in investments in the current quarter, starting in North America. Overall, first-quarter sales rose 17 per cent to US$59.7b, compared to sales growth of 46 per cent previous year.

The initiative will add value to the $119 annual Prime membership fee, of which more than 100 million customers enjoy perks like free access to its streaming TV and films, unlimited reading and exclusive deals, as well as same-day delivery for eligible zip codes. The stock has gained 27 percent this year.

Growth in those segments means more predictable revenue, a contrast to Amazon's retail business.

Amazon's net income rose to US$3.56 billion, or US$7.09 per share, in the first quarter ended March 31, from US$1.63 billion, or US$3.27 per share, sending its shares up 1.2 per cent after the bell. Worldwide shipping costs reached $7.3 billion in the past quarter, up 21 percent year-over-year. Amazon has not described in detail its thinking behind the bets.

5-star recruit Cole Anthony commits to North Carolina
Harris joins Anthony, five-star big man Armando Bacot and three-star point guard Jeremiah Francis. This time contributing 25 points, six rebounds and six assists at the Jordan Brand Classic.

AirPods 3 to launch late 2019, report says
Sources said to be familiar with the matter have told Digitimes that AirPods 3 will feature noise cancellation support. Sales boom of AirPods is expected to linger on, with annual shipments likely to surge to 50 million sets in 2019.

Myanmar court rejects appeal of jailed Reuters reporters
We will continue to do all we can to free them as soon as possible", said Gail Gove, Reuters chief counsel following the verdict. They had hoped for even the smallest sign that their husbands would be released imminently or at least their sentences reduced.

But its breakneck growth has also caught the attention of regulators - and President Donald Trump - who argue that the company's market dominance gives it too much power. The company's digital advertising franchise has grown into the third largest in the USA, trailing only Alphabet Inc.'s Google and Facebook Inc., researcher EMarketer estimates.

Amazon's gross margin in the period was a record 43 percent.

Amazon's Olsavsky said the company saw no material impact in India from actions the company took to comply with new regulations there affecting foreign investment in the e-commerce sector, something Amazon had voiced concern about in the past.

Amazon said it employed more than 630,000 workers during the first quarter, a 12 per cent increase from the year before.

The company's lucrative advertising and cloud computing businesses notched the bulk of its profits and helped boost margins even as sales growth slowed.

Recommended

  • Racist Executed For Worst Hate Crime In History

    Racist Executed For Worst Hate Crime In History

    Jasper's former sheriff, Billy Rowles, told KFDM News that King's execution would finally provide closure for the community. In a 2001 interview with The Associated Press, King said he was an "avowed racist" but wasn't "a hate-monger murderer".
    Rapper Bun B opens fire on an armed masked intruder

    Rapper Bun B opens fire on an armed masked intruder

    Freeman, who overheard the exchange, got his handgun and confronted the robber, firing several rounds, authorities said. Jackson appeared in court Wednesday wearing a sling on his left arm after being struck in the shoulder with a bullet.
    Prince Harry And Prince William Experienced ‘Challenging Times’ Over Meghan Markle

    Prince Harry And Prince William Experienced ‘Challenging Times’ Over Meghan Markle

    Meghan is due to give birth soon, though the couple hasn't revealed the due date or their birth plans. The two's love story is as rare as they come and so is their child - making history for the monarchs.
  • Amazon offers Prime members yet another delivery option

    Amazon offers Prime members yet another delivery option

    If you didn't want a stranger having access to your home or vehicle to deliver packages, the garage was the next logical step. Amazon's Key for Garage, announced earlier this year , is now available for Prime customers to install at their homes.
    Japanese court grants $4.5m bail to Carlos Ghosn

    Japanese court grants $4.5m bail to Carlos Ghosn

    Since then, the three companies adopted a new governance structure designed for smoother and more equitable decision-making. It was Nissan's second downgrade for its outlook following one in February that cited faltering sales in China and the U.S.
    North Korea demanded US pay $2M for captured student in coma

    North Korea demanded US pay $2M for captured student in coma

    They said there is evidence Warmbier suffered a respiratory arrest, which led to a lack of oxygen to the brain. Yun and an emergency medicine doctor, Michael Flueckiger, traveled to Pyongyang on a medical evacuation plane.
  • Tom Brady tops National Football League  player merchandise sales for 2nd straight year

    Tom Brady tops National Football League player merchandise sales for 2nd straight year

    Brady is the first player to ever top the list three times in his career. But Harry's addition is a sign they want to remake the group further.
    Xiaomi launches budget smartphones Redmi Y3 and Redmi 7 in India

    Xiaomi launches budget smartphones Redmi Y3 and Redmi 7 in India

    Some of the features of the smartphone have already been confirmed by the CEO of Redmi, Lu Weibing, and other Xiaomi executives. On the connectivity front, the Redmi Y3 supports Bluetooth 4.2, Dual VoLTE and additionally features IR blaster as well.
    Huawei First Quarter Sales Up By 39 Percent

    Huawei First Quarter Sales Up By 39 Percent

    It has filed a lawsuit earlier this year, challenging a USA law that has banned federal agencies from purchasing its products. Meanwhile, the company launched what it said was the world's first 5G communications hardware for the automotive industry.
  • Brie Larson Had No Idea What She Was Filming For Avengers: Endgame

    Brie Larson Had No Idea What She Was Filming For Avengers: Endgame

    It could have been that she filmed the scene quite early on, because eventually, she would have to learn about the snap. They couldn't tell her exactly who was there ( the Avengers ), but she did try her best to get the scene done right.
    Man United identify David De Gea replacement

    Man United identify David De Gea replacement

    Misfiring Jesse Lingard missed a simple tap-in, and United's dream of a top four finish is looking virtually over at the moment. Sterling led a City counter-attack before feeding Sane, whose powerful shot De Gea could not keep out.
    Trump threatens new trade tariffs after Harley-Davidson sales slump

    Trump threatens new trade tariffs after Harley-Davidson sales slump

    A 7.9% YoY fall in the company's motorcycle shipments acted as the primary negative factor affecting its first-quarter revenue. Trump wrote on Twitter on Tuesday that "Harley-Davidson has struggled with European Union tariffs, now paying 31 percent".

Bryce Harper ejected in Phillies vs Mets, yells at umpire Bryce Harper ejected in Phillies vs Mets, yells at umpire Zack Wheeler earned his second victory and Wheeler went 2-for-3 with a double, a home run and three RBIs for NY . Phillies: RHP Victor Arano (elbow inflammation) will be checked by doctors in Philadelphia early this week.

Mario Kart Tour Opens Applications For Closed Beta Mario Kart Tour Opens Applications For Closed Beta Nintendo's Mario Kart Tour website has revealed the upcoming mobile game will be receiving a closed beta test on Android devices. If the number of applications exceeds the number of possible participants, we will randomly select the participants.

Taylor Swift Confirms New Music Is Her April 26 Announcement Taylor Swift Confirms New Music Is Her April 26 Announcement Swift said she's been inspired by fans who've been patiently waiting for new music from her. "I can't believe how much they care". She added, "The butterfly mural is painted by Kelsey Montague who painted one of my favorite murals in NY ".

NFL draft: Quarterback Kyler Murray taken 1st in 2019 NFL draft: Quarterback Kyler Murray taken 1st in 2019 One spot later, at No. 24, Oakland used its second pick on Alabama's Josh Jacobs, the first running back to go. He also is the second straight Sooners quarterback to pull it off: Baker Mayfield went to Cleveland in 2018.

Taylor Swift Performs at TIME 100 Gala Taylor Swift Performs at TIME 100 Gala Taylor went glam in a yellow and pink-pastel gown with her hair up in a flower crown as she arrived at the event. The performer also mentioned how she was shaken that Oh was in attendance, right before performing "Love Story".

A Cheaper Switch Will Launch In June A Cheaper Switch Will Launch In June The Switch games pipeline continues to create fan excitement, with two full Pokemon titles due later this year. When compared to Nintendo's most successful home consoles of all time, Switch still has a long way to go.

PM Imran arrives in China to attend Second Belt and Road Forum PM Imran arrives in China to attend Second Belt and Road Forum Additionally, he will take part in the Beijing International Horticultural Exhibition alongside other world leaders. Dr Mahathir Mohamad, who is on a five-day working visit to China, meeting Chinese President Xi Jinping.

Google Chrome 74 Now Available with a Dark Mode for Windows 10 Google Chrome 74 Now Available with a Dark Mode for Windows 10 There's now no way to use Chrome Dark Mode while the rest of the operating system is in the default setting . The other changes in Chrome 74 are for web developers, and some things have been removed in this version.

Justin Bieber Tells Coachella Crowd an Album is 'Coming Soon' Justin Bieber Tells Coachella Crowd an Album is 'Coming Soon' Bieber stunned the festival crowd performing " Sorry " with Grande backing him up, whipping up the already buzzing crowd. The Biebs hinted at having a new album dropping soon during an Ariana Grande Coachella set.

Walgreens to raise minimum age for store tobacco sales Walgreens to raise minimum age for store tobacco sales Walgreens already started a "Card All" policy a year ago , which requires verification of all tobacco sales regardless of age. In the wake of the FDA warning, Walgreens says it will now implement a stricter policy for tobacco sales.

Marshawn Lynch planning to retire Marshawn Lynch planning to retire In his 12-season career, Lynch rushed for 10,379 yards and 84 touchdowns, with another 2,214 yards and nine touchdowns as a receiver.

Microsoft quarterly revenue beats estimates on cloud growth Microsoft quarterly revenue beats estimates on cloud growth Microsoft also topped forecasts with $30.6 billion in reported revenue , a year-over-year increase of 14 per cent. Net income rose to $8.81 billion, or $1.15 per share, from $7.42 billion, or 96 cents per share, a year earlier.

Hammy Gorillas Upstage Park Ranger in Excellent Selfie Hammy Gorillas Upstage Park Ranger in Excellent Selfie The heartwarming snaps were taken at Congo's Virunga National Park on Thursday, days after one ranger died in the line of action. As the picture went viral on Facebook with over 22,000 shares, many said it was stunning and awesome .

Despite Tease, James Bond 25 Has Not Been Revealed Despite Tease, James Bond 25 Has Not Been Revealed Of course, we've not been giving a title yet - that's coming much further down the line, apparently. "He starts his journey here". The production has already shot in Norway and will head over to the UK's Pinewood studio then onto Matera in Italy.

Samsung Galaxy Fold malfunctioning and breaking after one day Samsung Galaxy Fold malfunctioning and breaking after one day At present, however, Samsung's Galaxy S10 and Fold devices are "leading" the way among phones with 5G potential, according to Yoo. However, the world's leading manufacturer has ruled out any possibility of not marketing its Galaxy Fold for the time being.