Here is my study of AMZN
- 05/26/2021 – intro of book on Amzon, recommended by Tilson
To Understand Amazon, We Must Understand Jeff Bezos
- 11/17/2020 – great move for Amazon, bad news for CVS, etc
Amazon Launches Online Pharmacy
Customers can purchase prescription medications through a new store on its platform
Amazon.com Inc. AMZN +0.99% said Tuesday customers can buy prescription medications through a new store on its platform, a move that comes as more people grow increasingly accustomed to shopping online.
The news weighed on shares of other drugstore companies Tuesday before the market opened. Shares of CVS Health Corp. were down 8.5% premarket, while shares of Walgreens Boots Alliance Inc. were off 11.2%. Shares of Amazon were up 2.4%.
“As more and more people look to complete everyday errands from home, pharmacy is an important and needed addition to the Amazon online store,” Amazon Senior Vice President of North American Consumer, Doug Herrington, said in prepared remarks.
Amazon’s net sales jumped 37% in the third quarter, topping $96 billion.
Amazon said Amazon Pharmacy customers will still need a prescription for medicines from their health-care provider. The service also doesn’t deliver certain controlled medications, which encompasses many opioids, Amazon said.
The company also said that customers can add their insurance information. Members of its Amazon Prime service will be able to save money paying for medications without health insurance. When not paying with insurance, Prime members can save as much as 80% on generic medications, the company said. They can save as much as 40% off name brands.
In 2018, Amazon bought online pharmacy PillPack Inc. for roughly $1 billion, giving it the ability to fill prescriptions around the country.
- 11/16/2018 – ‘Amazon will fail. Amazon will go bankrupt’: Jeff Bezos makes surprise admission about Amazon’s lifespan from Business InsiderAmazon CEO Jeff Bezos. Jeff Bezos told Amazon employees that he predicts “one day Amazon will fail,” according to a recording of an internal meeting heard by CNBC. Bezos added that Amazon’s job is to delay failure for as long as possible by focussing on its customers. Amazon staffers told CNBC that issues such as government regulation and potential antitrust violations worry them. Amazon CEO Jeff Bezos made a stunning admission last week in an all-hands meeting, a recording of which was heard by Read the full story
- 11/05/2018 – Trump says administration is looking into antitrust violations by Amazon, other tech giants
President Donald Trump says his administration is looking into antitrust violations by Amazon, Facebook and Google parent Alphabet. In an interview with Axios, Trump says he’s “not looking to hurt” the U.S. tech giants but is considering action.
- 10/25/2018 – Amazon drops on revenue and guidance miss
Amazon’s third-quarter earnings beat Street estimates, but its revenue and fourth-quarter outlook fell short of expectations.
Amazon’s stock dropped roughly 9 percent in after-hours trading.
- 10/23/2018: AWS market share
- 07/14/2018 – Watch out, retailers. This is just how big Amazon is becoming,
- Amazon is expected to take almost 50 percent of the U.S. e-commerce market by year’s end.
- That’s according to a new survey by eMarketer, which breaks down the sales from each of Amazon’s product categories.
- Amazon will hold its annual Prime Day event next week.
- 06/29/2018 – Amazon’s purchase of PillPack gives the company a platform to sell medicines but won’t address the high cost of many drugs
- 06/29/2018 – Amazon Buys Online Pharmacy PillPack for $1 Billion
- 06/29/2018 – Amazon, Berkshire Hathaway, JPMorgan Join Forces to Pare Health-Care Costs, A new company will focus on technological solutions to provide coverage for U.S. employees at a lower cost
- Buy Amazon because Alexa will drive $10 billion in sales by 2020, RBC’s Mahaney predicts
- Amazon’s moves in health care over the last year are finally starting to make sense – this another big news on AMZN
- The Amazon Health-Care Threat Has Arrived
- Amazon to Launch Delivery Service That Would Vie With FedEx, UPS
- Hospital supplier shares dive as Amazon reportedly ramps up medical supply business
- Amazon’s Latest Ambition: To Be a Major Hospital Supplier
- Amazon’s Ambitions Go Beyond Standard Monopolies: Report
- How Amazon’s Ad Business Could Threaten Google and Facebook
- Amazon has quietly launched an exclusive line of over-the-counter health products
- Amazon.com Inc. accounted for 44% of U.S. e-commerce sales in 2017, according to a new estimate by retail analytics firm One Click Retail,That amounts to roughly $200 billion in e-commerce sales, and about 4% of total U.S. retail sales, according to the vendor. One Click Retail estimates online sales figures using a combination of website indexing, machine learning and proprietary software.
Globally, Internet Retailer estimates that consumers spent $310.0 billion on Amazon in 2017. One Click Retail does not have a 2016 estimate of Amazon’s share of U.S. e-commerce sales. Slice Intelligence, however, estimated last year that Amazon accounted for 43% of all U.S. online retail purchases in 2016, just a percentage point lower than 2017.
According to One Click Retail, consumer electronics was the top-selling product category on Amazon in the U.S. in 2017 with an estimated $8.5 billion in sales, followed by home & kitchen ($5.5 billion), publishing ($5 billion) and sports & outdoor ($4 billion). Combined, these leading categories generated more than $23 billion in sales on Amazon in 2017, One Click Retail says.
The product categories that grew the most year over were:
