Cyber Monday used to be a major event for online retailers, but this year it was uneventful as earlier discounts spread consumer shopping over a longer period. The onslaught of advertised Web-based discounts from Amazon.com (AMZN), Best Buy (BBY), Wal-Mart Stores (WMT) and others a week before Thanksgiving Day, Black Friday and Cyber Monday could be the primary reason sales growth on those key online shopping days cooled
Amazon.com’s holiday sales of Fire tablets and Kindle e-readers are showing traction this year, in sharp contrast to the e-commerce giant’s dismal Fire phone sales. Amazon (AMZN) announced Monday that Fire tablet sales were up threefold on Black Friday on Amazon.com from the previous year. Kindle e-reader sales were up fourfold. Amazon never discloses the dollar or unit numbers for such sales. “This holiday, there are going to be a lot of
In the hierarchy of water-vapor clouds, Amazon.com’s (AMZN) cloud computing business would be a massive thunderhead compared with the wispy cirrus clouds of its rivals. Amazon Web Services is not only the market share leader, it generates nearly as much revenue as the next five companies combined, according to UBS Securities. In the third quarter, AWS raked in $1.08 billion in sales, giving it 27% of the $4 billion cloud services market, UBS