Amazon.com Announces Second Quarter Sales Up 39% to $52.9B
phx.corporate-ir.net
phx.corporate-ir.net
- sort of anti Tesla from wallstreet perspective as only three of the 55 analysts covering the company have a hold-equivalent rating, and none recommend selling
- curious to see how ot reacts given that facebook just got beat up, self inflicted and deserved, over the past few days.
Numbers: - Q2 revenues of $52.9 billion, up from $51.0 billion previous quarter. analysts estimates of $53.35 billion.
- EPS $5.07, Est. $2.49
- Net Sales $52.9B, Est. $53.35B
- operating income $2.98 billion, estimate $1.71 billion
- AWS net sales $6.11 billion
- Amazon Web Services net sales +49%, assume this is the market growing as Azure is really killing it right now and google cloud is doing respectible at the moment.
- smaller platform providers should at this point be considering their life span to be under 5 years and probably closer to 2 years.
Other:
- Continue to focus on Alexa, must really believe that loosing this market to Google will serverly harm the company because it can't possibly be returning any value based on what they spend on it
- Bezos just added about 5 Billion in networth to jump to $155 Billion
- probably won't mention Toronto's chances of getting HQ2, almost certainly better for city to not win and give no concessions than to win and give up alot in terms of tax and land concessions to amazon. Good chance that the city that gets HQ2 loses in the long term because of it.
- Prime membership count continue to rise. Last prime day was their largest ever.
At least in price there still is competition. Scaleway seems to be 3 to 4 times cheaper on x86 with comparable nodes and even more if you choose arm, at least when you compare on demand pricing.
Basically Amazon has succeeded in spite of its terrible UX (IMO) but I'm personally tired of it.
Before, a lot of people would have Amazon as their go-to "Google" for anything shopping related, but I don't think so anymore.
The fact that their sales are up 39% kind of disagrees with your experience.
I've bought hundreds of products from Amazon and have not experienced one counterfeit good. I even bought a 60 inch 4k $1,000 tv and a $300 foam mattress that would have probably cost $3,000 if I bought it from a traditional retailer and they are both amazing. Add on the fact that I can buy everything from home and don't have to walk/drive to a store and prices are really good, I buy pretty much everything I can from Amazon.
The only products that I have bought from Amazon which have been relatively crappy quality are cords but I paid 1/10th the price for multiple variable length ones effectively saving me 95% of money (1/10th the price * 3 cords) plus I get spares to leave around the house. The overall cost of replacing even an entire set of bad ones has been blindingly obvious in favor of the cheap ones.
Granted, I only tend to buy things that are highly rated by Amazon which almost always have prime shipping but I don't see where this counterfeit goods destroying the market sentiment comes form?
Are you just buying the cheapest goods despite the ratings/sales reputation causing you to be scammed?
Hard to get Prime Video working outside the US.
And annoying intentional issues like searching for running shoes by size and brand and receiving results of “From as low as $XX.XX”
Then you have to search by size to determine the price roulette result.
For the price shopper, it intentionally wastes my time trying to find the best value.
From a business angle, it makes sense.
From a customer centric angle, not so much.
With Amazon retail business being run as a non profit, until such time as conditions compel Amazon to raise prices higher.
If Amazon’s shareholders allow Amazon to continue running retail as a non profit(as they have for over 20 years), then I think this will continue until Amazon maxes out at whatever the ceiling retail market share is for a single company.
But I think Amazon’s non profit retail land grab could continue for another 10-20 years.
Besides shareholders stopping Amazon, I envisage the only things that can stop the Amazon Borg Cubes are:
1)Government regulatory “shields” being raised
2)Web/Cloud Services getting ruthlessly competitive and margins plummeting.
Just my personal thoughts.
Sure you can increase your widgets sold stats by selling cheap, disposable widgets. Doesn’t seem like the best long term social and environmental process to use.