Below are my key takeaways from the Amazon Q2 2016 Earnings Call on July 28
Summary:
Net Sales increased 31% to $30.4B in the quarter vs. $23.2B YoY. Operating Income was $1.3B vs. $0.464B in Q2 2015. And Net Income was $0.857B vs. $0.092B last year Q2.
The 2nd annual Prime Day was a huge success with sales up 60% YoY. It was the biggest day ever and a record day for Amazon devices.
Amazon Fresh launched in London and Boston. It’s now found in California, northern New Jersey, Baltimore, New York, Philadelphia and of course, Seattle.
In India, Prime, with unlimited free shipping, was introduced and a new AWS Region was launched. Amazon.in was the most visited e-commerce site in the country.
Introduced a new $79.99 Kindle, which is thinner and lighter than the previous generation, and includes built-in Bluetooth audio support and the VoiceView screen enables visually impaired users to read books without an adapter.
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