Prime time: Amazon ups subscription costs as LoveFilm is phased out February 25, 2014 AMAZON is gambling on the success of its one-day delivery service Prime, by rolling out a more expensive product that includes LoveFilm Instant. Prime Instant Video launches today in the UK and went live in the US in 2011, where it costs $79 per year. UK subscribers will have to pay £79 for the combined [...]
Amazon and Google’s sales surge on digital revolution January 30, 2014 INTERNET giants Google and Amazon both reported dramatic jumps in revenue last night – of 17 per cent and 20 per cent respectively – but both still short of investors expectations. Amazon’s shares tumbled as much as 10.5 per cent during after hours trading after it reported its highest ever quarterly sales of $25.6bn during [...]
Amazon boss airlifted after kidney stone January 6, 2014 AMAZON founder Jeff Bezos was airlifted from a cruise ship by the Ecuadorian Navy after suffering a kidney stone attack in the Galapagos Islands on New Year’s Day. Bezos – the mastermind behind the world’s largest online retailer – said in an email to Reuters responding to the incident, “Galapagos: five stars. Kidney stones: zero [...]
Amazon floats plan to use drones to deliver packages December 2, 2013 AMAZON is preparing to make next-day delivery obsolete by using unmanned aerial vehicles, or drones, in an audacious plan to introduce 30-minute home delivery. The online retailer hopes to revolutionise online shopping by delivering directly from its warehouses to customers’ homes using autonomous drones that can carry small packages weighing up to five pounds (2.3kg). [...]
Amazon’s ebbs and flows October 27, 2005 The dotcom giant is at the forefront of growth in the online retail industry. Its sales have just kept on growing, hitting $1bn in America and Canada. But yet its share price has taken a tumble this week. Wall Street is always falling in and out of love with Amazon. In the online retailer’s 10-year [...]
Amazon profits hit by increased competition October 26, 2005 Amazon, the online bookseller, last night unveiled a $30m (£16.8m) profit for the third quarter. Some of the gloss was taken off increased sales, however, as it admitted that a patent dispute had cost it $20m. Seattle-based Amazon made a one-off payment to settle a patent lawsuit in the third quarter. Its profit, otherwise, would [...]