Amazon.com’s (AMZN) loyalty program, Amazon Prime, has penetrated nearly 40% of the U.S. market, with some 41 million members, according to a Cowen survey of 2,500 U.S. shoppers that the investment bank released in a research report Wednesday. In December, membership had risen 32% from the previous December, said Cowen, bolstered by Amazon’s shopping “holiday” over the summer dubbed Amazon Prime Day. The one-day promotion drove thousands to buy
In 2015, for the 23rd consecutive year, IBM (IBM) held the No. 1 position for patents received, while Amazon.com (AMZN) made a big gain. IBM was granted 7,355 patents, according to IFI Claims Patent Services, followed by Samsung Electronics at 5,072, then Canon. Amazon made the biggest gain among the leaders, jumping to No. 26 from No. 50 a year ago. The number of patents issued to Amazon almost doubled. Qualcomm (QCOM) moved up three places to
Increasing operating margins in its e-commerce business and lower costs to run cloud computing are among the reasons why Credit Suisse analyst Stephen Ju bumped up his price target for Amazon.com (AMZN). After the investment bank elected to entirely rebuild its model for Amazon stock — separating out the e-tail leader’s Amazon Web Services cloud business — Ju found the “capital intensity” of running AWS is “leveling off as usage growth has dropped