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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon Web Services posted revenue of $22.1 ” [Rose 13.5%

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Amazon delivers big earnings miss, Jassy warns Q4 will bring ‘several billion dollars of additional costs’

GeekWire

Net sales rose 15% to $110.8 For the first time in Amazon’s history, the company’s revenue from online and physical retail store sales represented less than 50% of its overall revenue for the quarter, due to steady increases in areas such as its Amazon Web Services cloud business and revenue from advertising.

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Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Wall Street analysts expect the company to report net sales (revenue) of $131.5 In its prior guidance for the second quarter, Amazon said it expected net sales between $127 billion and $133 billion; and operating income between $2 billion and $5.5 Amazon Web Services revenue growth declined to 15.8% billion, up 8.5%

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Amazon stock jumps 7% after Q2 earnings beat estimates with $134.4B in revenue

GeekWire

Net income was $0.65 Microsoft and Google both posted strong cloud results in their earnings reports last week, benefitting in part from early interest in infrastructure and services to help corporate customers develop generative AI applications. Amazon Web Services: Amazon’s cloud business was up 12% at $22.1

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Seattle’s Climate Pledge Arena to feature Amazon’s ‘Just Walk Out’ tech to avoid lines in select stores

GeekWire

” A former business development director at Amazon, Humphrey previously said that he was a fan of Just Walk Out tech and that he would love to partner on that sort of experience for Kraken fans. Amazon CEO Andy Jassy joined Seattle’s NHL team ownership group in September 2018 when he was still head of Amazon Web Services.

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How the pandemic is bringing Elon Musk’s dream to connect everyone on Earth closer to reality

Vox

However, the innovative low-Earth orbit satellite technology being developed by SpaceX and others could be essential, if not transformative, for everything from telemedicine to remote learning in places that aren’t already connected. Satellite broadband could also be very profitable for whichever company figures it out first.

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We asked 24 startups in the new Techstars Seattle class about how AI is impacting their business

GeekWire

The companies represent industries including healthcare, finance, culinary, advertising, robotics, and more. GeekWire Photo / Nate Bek) AdsGency The pitch: A no-code platform to automate advertising workflows from ideation and content generation to performance monitoring and optimization. Others have AI embedded within the products.

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