As Chinese e-commerce powerhouse Alibaba readies what could be the biggest initial public offering ever on the New York Stock Exchange, it is quietly hinting at plans to expand into the U.S. The company controls nearly 80 percent of all e-commerce in China, and founder and chairman Jack Ma has ambitions that go beyond the country's borders.
NEW YORK (AP) — Amazon slashed the price of its Fire...
NEW YORK (AP) — Amazon.com says its chief financial officer, Thomas Szkutak, will retire after...
The Amazon Fire Phone’s exclusivity with AT&T could be holding back early adoption for the high-profile smartphone, according to advertising group Chitika. By analyzing millions of U.S. and Canada smartphone-based online ad impressions, Chitika found that North American usage of the Fire Phone only increased incrementally in the three weeks since its launch.
Called Amazon Local Register, the payment solution consists of a secure card reader and mobile app that will allow local businesses to accept credit and debit cards from a smartphone or tablet and keep track of their business. Amazon Local Registers sees the online retailers directly competing with payment providers like PayPal, Square and others.
In its second quarter earnings, Amazon reported a $126 million loss even as revenue jumped by 23 percent. Shares fell 10 percent on the report. Many believe that continued investment in big projects like the development of the Fire Phone and the a new grocery delivery serivce are weighing profits at the company.
Amazon posted a loss of $126 million, or 27 cents per share, compared with $7 million, or 2 cents per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The company’s choice to highlight Prime over the much-hyped features of the phone like the 3D “dynamic perspective” further proves the Fire Phone is being positioned as a shopping machine. The phone’s other big feature is a dedicated Firefly button that recognizes video, music, print and objects before telling you how to buy the related item. The device is built for showrooming.
NEW YORK (AP) — Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to expand its services to attract more users.
The Federal Trade Commission is suing Amazon over unauthorized in-app purchases made by children. The FTC is seeking refunds for consumers and is looking to permanently stop Amazon from billing account holders for purchases made without their consent. According to the complaint, Amazon keeps 30 percent of all revenue from in-app purchases.
Amazon is offering up the apps as part of the company's Free App of the Day. The apps include titles such as Travel Interpreter ($9.99) and PUZZINGO Puzzles ($14.99). Amazon said the apps have a combined value in excess of $100. The apps will be available for free download on Friday, June 27th and Saturday, June 28th.
BlackBerry laid off 65 employees who worked on consumer applications development for the company. The cuts come shortly after BlackBerry announced a deal giving its customers access to the Amazon Appstore beginning in the fall. BlackBerry World, the company’s consumer app storefront, will stay open but BlackBerry will close the music and video portion of the store on July 21.
Amazon CEO Jeff Bezos told Re/code he is open to seeing his company’s Appstore on more OEM’s devices. Amazon just signed a licensing deal with BlackBerry that will open access to Amazon’s consumer application storefront for BB devices starting with the BlackBerry 10.3 update expected in the fall.
T-Mobile CEO John Legere today took to Twitter to apologize to any offended by his remarks he made during the carrier’s Uncarrier 5.0 event Wednesday. The usually brash Legere regularly picks on the other three major U.S. carriers—AT&T, in particular—but his choice of words last night may have gone too far. Legere said AT&T and Verizon are “raping” their customers.
SEATTLE - Amazon Wednesday took the wraps off its new 3D smartphone, Fire. As rumored, the Fire smartphone is exclusive to AT&T. The device goes up for pre-order today and ships July 25. The 32-GB model will cost $200 with a two-year contract—a 64-GB model is available for $300— or zero down and $28/monthly on AT&T’s Next program. For a limited time, Fire comes with a free 12-month Amazon Prime subscription.
T-Mobile CEO John Legere said that exclusivity “sucks” for consumers and for the industry as a whole. He also jabbed AT&T for the Facebook Phone, another high-profile exclusive for the carrier and a flop with consumers and critics alike. The HTC phone quickly dropped in price all the way down to 99 cents on-contract.
BlackBerry has signed a licensing agreement with Amazon to give BlackBerry users access to the 240,000 Android applications in the Amazon Appstore. With the release of the BlackBerry 10.3 this fall BlackBerry users will be able buy apps, music, movies and more directly from Amazon. BlackBerry World will stay in place but as of July 21, BlackBerry’s native app storefront will close its video and music sections.
SAN FRANCISCO (AP) — Alibaba's quarterly revenue growth has slipped to its slowest pace in six years, a development that could dampen demand to invest in the Chinese e-commerce company's upcoming stock offering. News of the slowdown emerged Monday in a regulatory filing that provided the first update on Alibaba's performance since the company submitted paperwork in May for an initial public offering of stock.
AT&T has landed the exclusive carrier rights for Amazon’s new smartphone, according to the Wall Street Journal. Amazon is expected to announce its new smartphone at an event Wednesday in Seattle. Reports and teasers from the company suggest the phone will feature 3D imaging that uses eye-tracking technology instead of glasses.
Amazon said Monday that its Amazon Appstore, which is a currated grouping of apps from Google Play that run on the company's Android-based Fire OS, has reached 240,000. While that's a far cry from Apple's Apple Store's 1.2 million apps, Amazon does offer many of the major apps available across platforms.