Netflix (NFLX) is responding to Amazon.com’s (AMZN) competing streaming video service by offering a new, lower-priced plan. Netflix is testing a discount plan for new subscribers priced more closely to the subscription service offered by Amazon, the world’s leading online retailer, according to an analyst report released Tuesday. In his report, Sterne, Agee & Leach analyst Arvind Bhatia says Netflix is testing a plan for new subscribers in which
Amazon.com (AMZN) said Thursday that more than half of customers shopped using a mobile device this holiday season, and that Kindle tablets outsold all other tablets on the site during Christmastime. The Seattle-based company sold 36.8 million items — an average of 426 items per second — on Cyber Monday, the Monday following Thanksgiving, Amazon said in a Thursday press release. That marked a 39% increase from the same 2012 shopping day, wrote
Shopper purchases of consumer electronics remain steady in December with November’s higher-than-average level, according to figures released Tuesday by the Consumer Electronics Association. The trade group says consumer confidence toward the overall economy and technology spending this month remain steady with November’s elevated sentiment levels. The trend bodes well for major online retailers of tech gadgets, such as Amazon.com (AMZN), Apple