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Mark Alexander 2019-07-26
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Amazon's one-day Prime shipping service has been an expensive investment for the company so far, but it's betting that if it can help it crush the competition, it will be well worth it.

"It strengthens the need to not have to go elsewhere to buy a product because you need it quickly," CFO Brian Olsavsky said in an earnings call Thursday.

That's not good news for retailers already reeling from the "Amazon effect."

Amazon's one-day Prime shipping service has been an expensive investment for the company, but it's betting that if it helps it crush the competition, it will be well worth it.

In a call with investors on Thursday, after releasing second-quarter results, CFO Brian Olsavsky commented on the progress of one-day shipping since it was rolled out for certain products in April.

Olsavsky said that the costs associated with it had been higher than expected (it went over Amazon's $800 million estimate for Q2) but that Amazon was playing the long game.

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0
William Ly 2019-04-25
img

Amazon CFO Brian Olsavsky announced on Amazon's first-quarter 2019 earnings call that it is working on turning its Prime two-day shipping guarantee into a one-day shipping offering.

Olsavsky called the move a "significant step" on the call.

The initiative will take time to come to fruition, he cautioned.

The company said it will take on $800 million in additional expenses in the upcoming quarter.

collect
0
Ryan Pak 2017-09-25
img

He quickly identified Google as a frenemy during its rise.

Amazon’s ad business is already worth almost $2 billion.

The growth rate of jobs in that area has exceeded the company growth rate, CFO Brian Olsavsky has said.

The company also sees both sales tools in self-service and managed accounts growing.

“Our perspective isn’t if Amazon will go all-in on advertising.

It’s that they are going all-in on advertising,” Tombras says.

collect
0
John Applebaum 2018-07-27
img

A wide range of cloud services and a dominant position in online sales behind Amazon's vinstskräll.

Along with the largest kassakon, which is still the online stores, contributed its subsidiary Amazon Web Services plenty of profits.

the AWS is the world's largest cloud service, and offers storage space for companies.

AWS raked in 6.1 billion dollars in the quarter, an increase of 49 percent.

According to the head of finance, Brian Olsavsky is AWS the most profitable part of the company.

Also, advertising revenues contributed to the profitability.

collect
0
Thomas Owens 2019-04-29
img

Amazon plans to change its Prime delivery standard to one-day shipping.

Online, some customers have welcomed the news.

Amazon is slicing its Prime delivery standard in half, prioritizing one-day delivery for subscribers.

Amazon's CFO, Brian Olsavsky, told investors in an April 25 earnings call that the online retail giant will drop $800 million on this new initiative in the upcoming quarter.

But some customers are reacting to the news with uncertainty and skepticism.

Business Insider scoured the web to get a better sense of what consumers think of Amazon's new strategy.

collect
0
Sean Biro 2021-04-30
img
AWS helps Amazon record massive increase in quarterly sales.
collect
0
Donny Stiteler 2018-04-26
img

Amazon is increasing the price of Prime membership when paid yearly.Reuters/Lucas Jackson

Amazon said on an earnings call it will increase the price on annual Prime memberships to $119 a year.

CEO Jeff Bezos recently revealed the number of Prime members at over 100 million members.

Amazon continues to offer discounts for students and some lower income demographics.

Amazon says it will increase the price of its annual Amazon Prime membership program to $119 a year.

The company's CFO, Brian Olsavsky, revealed the price increase on an earnings call discussing the company's latest results.

collect
0
Garland Marsella 2020-07-30
img
No word yet on what days, or even what month.
collect
0
Jose Wenger 2021-04-29
img
During an earnings call, Amazon confirmed that Amazon Prime Day 2021 will happen sometime in June, returning the commerce bonanza to its mid-year window.
collect
0
Jose Rhoades 2018-04-26

On today’s wildly successful earnings call, Amazon CFO Brian Olsavsky dropped a bit of a bombshell for Amazon Prime subscribers.

The retailer’s everything-and-the-kitchen-sink annual subscription plan is about to get pricier.

On May 11, Prime annual memberships will jump $20, from $99 a year to $119.

The news follows a similar announcement back in January, which found the monthly version of the program increasing from $10.99 to $12.99 — a $24 increase.

Of course, annual subscribers will still come out ahead — the monthly model works out to $156 a year.

This is the first increase to annual pricing in nearly four years.

collect
0
James Dalporto 2018-04-26
img

Amazon announced today during its quarterly earnings call that the price for its Prime membership is going to increase by about 20 percent for US users.

The hike, announced by CFO Brian Olsavsky, will raise a Prime membership from $99 a year to $119, effective May 11th for new members and June 16th for existing ones.

“The value of Prime to customers has never been greater,” Olsavsky said.

“And the cost is also high, as we pointed out especially with shipping options and digital benefits, we continue to see rises in costs.” Earlier this year, Amazon hiked the price for monthly Prime subscriptions by about 24 percent, to around $156 per year.

This price hike, however, is the first time the company has increased its annual fee since 2014.

Last week Amazon CEO Jeff Bezos disclosed in his annual shareholders letter that his company has over 100 million Prime members, marking the first time the company has ever shared subscription numbers for the platform.

collect
0
Elizabeth Tinnin 2017-07-28
img

Google and Facebook should look over their shoulders.

Online advertising, which is one of Amazon's fastest growing businesses right now, competes directly with them.

It saw more growth in the quarter than Amazon's massive money-spinner AWS, and more than actual retail sales.

And it looks like Amazon wants to fuel the growth in its ads business.

The company's chief financial officer, Brian Olsavsky, said the growth rate for Amazon's ad sales team was faster than the 42% average across the business.

The only other area where the company is hiring as quickly is AWS, Amazon's cloud business which powers most of the web.

collect
0
Thomas Cann 2017-02-03
img

Amazon now has three brick-and-mortar bookstores in Seattle, San Diego, and Portland, with plans to open five more this year.Although Amazon's bookstores offer a completely different shopping experience, the move was a bit of a head-scratcher, given how a lot of the national chains have shut down their bookstores in recent years.But according to Amazon CFO Brian Olsavsky, the bookstores are meant to be much more than just a place to sell books.

They're also a great way to showcase Amazon's hardware devices and drive up their sales.

"We think bookstores, for instance, are a great way for customers to engage with our devices, to see them, touch and play with them, and become fans, so we see a lot of value in that," Olsavsky said during the earnings call on Thursday.Olsavsky added that Amazon is continuing to test and innovate with the bookstores, and that the company's learning a lot about the benefits of having a physical presence.

It's also why Amazon has been ramping up its pop-up stores and college pick-up spots in recent months, he said.Although Olsavsky didn't share more details, Amazon's devices seem to be partly benefiting from the bookstores: Amazon's Echo devices saw their holiday sales jump 9-times compared to last year, while Amazon hardware devices, including the Echo, Fire TV, and Fire Tablet, had the best-ever holiday sales in 2016.Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.NOW WATCH: Slow-motion footage reveals the unique way frog's capture their preyLoading video...

collect
0
Randy Rowald 2016-08-08
img

Amazon and Netflix are battling over who can create the best original shows in the streaming universe.Netflix will release 600 hours of original shows and movies in 2016, and while Amazon is nowhere near that, CFO Brian Olsavsky has said the company is poised to triple its originals count over the rest of the year.On Monday, Amazon announced the upcoming schedule for its fall shows, which includes the return of fan favorites like "The Man in the High Castle" and "Transparent," as well as new shows like Woody Allen's "Crisis in Six Scenes.

"Here are the shows we know Amazon will release by the end of the year, including Metacritic data about how their previous seasons fared with critics and the public, if they are returning shows.

collect
0
Robert Flenard 2018-05-06
img

Amazon has increased the price of a yearly subscription of Prime in the United States by $20, to $119.

Any price increase carries the risk of alienating customers, but reputation experts say the company likely has nothing to worry about as long as it keeps up its high level service.

Raising prices is always risky — especially if it's for something customers love.

CFO Brian Olsavsky disclosed the price increase on an earnings call discussing the company's latest financial results last week, saying the change would take effect May 11 for new members and affect Prime membership renewals after June 16.

"We still feel it's the best deal in retail," Olsavsky told analysts on the call.

Olsavsky pointed to the benefits of Prime — including the tens of millions of additional items that are eligible for Prime shipping — and the increased costs of fulfilling orders for customers as justification for the price hike.

collect
0
Lillian Barnwell 2020-07-31
img

When the economy's tanking, who ya gonna call? Jeff Bezos!

Amazon on Thursday reported $88.9bn in revenue for its second quarter of 2020, a 40 per cent increase year-on-year that exceeded expectations and lifted the web goliath's already buoyant stock in after-hours trading.…

collect
0
Mark Alexander 2019-07-26
img

Amazon's one-day Prime shipping service has been an expensive investment for the company so far, but it's betting that if it can help it crush the competition, it will be well worth it.

"It strengthens the need to not have to go elsewhere to buy a product because you need it quickly," CFO Brian Olsavsky said in an earnings call Thursday.

That's not good news for retailers already reeling from the "Amazon effect."

Amazon's one-day Prime shipping service has been an expensive investment for the company, but it's betting that if it helps it crush the competition, it will be well worth it.

In a call with investors on Thursday, after releasing second-quarter results, CFO Brian Olsavsky commented on the progress of one-day shipping since it was rolled out for certain products in April.

Olsavsky said that the costs associated with it had been higher than expected (it went over Amazon's $800 million estimate for Q2) but that Amazon was playing the long game.

Ryan Pak 2017-09-25
img

He quickly identified Google as a frenemy during its rise.

Amazon’s ad business is already worth almost $2 billion.

The growth rate of jobs in that area has exceeded the company growth rate, CFO Brian Olsavsky has said.

The company also sees both sales tools in self-service and managed accounts growing.

“Our perspective isn’t if Amazon will go all-in on advertising.

It’s that they are going all-in on advertising,” Tombras says.

Thomas Owens 2019-04-29
img

Amazon plans to change its Prime delivery standard to one-day shipping.

Online, some customers have welcomed the news.

Amazon is slicing its Prime delivery standard in half, prioritizing one-day delivery for subscribers.

Amazon's CFO, Brian Olsavsky, told investors in an April 25 earnings call that the online retail giant will drop $800 million on this new initiative in the upcoming quarter.

But some customers are reacting to the news with uncertainty and skepticism.

Business Insider scoured the web to get a better sense of what consumers think of Amazon's new strategy.

Donny Stiteler 2018-04-26
img

Amazon is increasing the price of Prime membership when paid yearly.Reuters/Lucas Jackson

Amazon said on an earnings call it will increase the price on annual Prime memberships to $119 a year.

CEO Jeff Bezos recently revealed the number of Prime members at over 100 million members.

Amazon continues to offer discounts for students and some lower income demographics.

Amazon says it will increase the price of its annual Amazon Prime membership program to $119 a year.

The company's CFO, Brian Olsavsky, revealed the price increase on an earnings call discussing the company's latest results.

Jose Wenger 2021-04-29
img
During an earnings call, Amazon confirmed that Amazon Prime Day 2021 will happen sometime in June, returning the commerce bonanza to its mid-year window.
James Dalporto 2018-04-26
img

Amazon announced today during its quarterly earnings call that the price for its Prime membership is going to increase by about 20 percent for US users.

The hike, announced by CFO Brian Olsavsky, will raise a Prime membership from $99 a year to $119, effective May 11th for new members and June 16th for existing ones.

“The value of Prime to customers has never been greater,” Olsavsky said.

“And the cost is also high, as we pointed out especially with shipping options and digital benefits, we continue to see rises in costs.” Earlier this year, Amazon hiked the price for monthly Prime subscriptions by about 24 percent, to around $156 per year.

This price hike, however, is the first time the company has increased its annual fee since 2014.

Last week Amazon CEO Jeff Bezos disclosed in his annual shareholders letter that his company has over 100 million Prime members, marking the first time the company has ever shared subscription numbers for the platform.

Thomas Cann 2017-02-03
img

Amazon now has three brick-and-mortar bookstores in Seattle, San Diego, and Portland, with plans to open five more this year.Although Amazon's bookstores offer a completely different shopping experience, the move was a bit of a head-scratcher, given how a lot of the national chains have shut down their bookstores in recent years.But according to Amazon CFO Brian Olsavsky, the bookstores are meant to be much more than just a place to sell books.

They're also a great way to showcase Amazon's hardware devices and drive up their sales.

"We think bookstores, for instance, are a great way for customers to engage with our devices, to see them, touch and play with them, and become fans, so we see a lot of value in that," Olsavsky said during the earnings call on Thursday.Olsavsky added that Amazon is continuing to test and innovate with the bookstores, and that the company's learning a lot about the benefits of having a physical presence.

It's also why Amazon has been ramping up its pop-up stores and college pick-up spots in recent months, he said.Although Olsavsky didn't share more details, Amazon's devices seem to be partly benefiting from the bookstores: Amazon's Echo devices saw their holiday sales jump 9-times compared to last year, while Amazon hardware devices, including the Echo, Fire TV, and Fire Tablet, had the best-ever holiday sales in 2016.Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.NOW WATCH: Slow-motion footage reveals the unique way frog's capture their preyLoading video...

Robert Flenard 2018-05-06
img

Amazon has increased the price of a yearly subscription of Prime in the United States by $20, to $119.

Any price increase carries the risk of alienating customers, but reputation experts say the company likely has nothing to worry about as long as it keeps up its high level service.

Raising prices is always risky — especially if it's for something customers love.

CFO Brian Olsavsky disclosed the price increase on an earnings call discussing the company's latest financial results last week, saying the change would take effect May 11 for new members and affect Prime membership renewals after June 16.

"We still feel it's the best deal in retail," Olsavsky told analysts on the call.

Olsavsky pointed to the benefits of Prime — including the tens of millions of additional items that are eligible for Prime shipping — and the increased costs of fulfilling orders for customers as justification for the price hike.

William Ly 2019-04-25
img

Amazon CFO Brian Olsavsky announced on Amazon's first-quarter 2019 earnings call that it is working on turning its Prime two-day shipping guarantee into a one-day shipping offering.

Olsavsky called the move a "significant step" on the call.

The initiative will take time to come to fruition, he cautioned.

The company said it will take on $800 million in additional expenses in the upcoming quarter.

John Applebaum 2018-07-27
img

A wide range of cloud services and a dominant position in online sales behind Amazon's vinstskräll.

Along with the largest kassakon, which is still the online stores, contributed its subsidiary Amazon Web Services plenty of profits.

the AWS is the world's largest cloud service, and offers storage space for companies.

AWS raked in 6.1 billion dollars in the quarter, an increase of 49 percent.

According to the head of finance, Brian Olsavsky is AWS the most profitable part of the company.

Also, advertising revenues contributed to the profitability.

Sean Biro 2021-04-30
img
AWS helps Amazon record massive increase in quarterly sales.
Garland Marsella 2020-07-30
img
No word yet on what days, or even what month.
Jose Rhoades 2018-04-26

On today’s wildly successful earnings call, Amazon CFO Brian Olsavsky dropped a bit of a bombshell for Amazon Prime subscribers.

The retailer’s everything-and-the-kitchen-sink annual subscription plan is about to get pricier.

On May 11, Prime annual memberships will jump $20, from $99 a year to $119.

The news follows a similar announcement back in January, which found the monthly version of the program increasing from $10.99 to $12.99 — a $24 increase.

Of course, annual subscribers will still come out ahead — the monthly model works out to $156 a year.

This is the first increase to annual pricing in nearly four years.

Elizabeth Tinnin 2017-07-28
img

Google and Facebook should look over their shoulders.

Online advertising, which is one of Amazon's fastest growing businesses right now, competes directly with them.

It saw more growth in the quarter than Amazon's massive money-spinner AWS, and more than actual retail sales.

And it looks like Amazon wants to fuel the growth in its ads business.

The company's chief financial officer, Brian Olsavsky, said the growth rate for Amazon's ad sales team was faster than the 42% average across the business.

The only other area where the company is hiring as quickly is AWS, Amazon's cloud business which powers most of the web.

Randy Rowald 2016-08-08
img

Amazon and Netflix are battling over who can create the best original shows in the streaming universe.Netflix will release 600 hours of original shows and movies in 2016, and while Amazon is nowhere near that, CFO Brian Olsavsky has said the company is poised to triple its originals count over the rest of the year.On Monday, Amazon announced the upcoming schedule for its fall shows, which includes the return of fan favorites like "The Man in the High Castle" and "Transparent," as well as new shows like Woody Allen's "Crisis in Six Scenes.

"Here are the shows we know Amazon will release by the end of the year, including Metacritic data about how their previous seasons fared with critics and the public, if they are returning shows.

Lillian Barnwell 2020-07-31
img

When the economy's tanking, who ya gonna call? Jeff Bezos!

Amazon on Thursday reported $88.9bn in revenue for its second quarter of 2020, a 40 per cent increase year-on-year that exceeded expectations and lifted the web goliath's already buoyant stock in after-hours trading.…