Recent Amazon Announcements Push Stock Up Ahead of Earnings

Published on: 19 Apr, 2018, Inc. (NASDAQ: AMZN) had several important announcements, driving its stock price up more than 8% from the beginning of the week. Amazon will report quarterly earnings on April 26th. First Amazon announced that together with Best Buy (NYSE: BBY) the two will  collaborate to bring the next generation of Fire TV Edition smart TVs to customers in the United States and Canada. As a first step in the partnership, Best Buy will launch more than ten 4K and HD Fire TV Edition models from Insignia and Toshiba, beginning this summer.

“Amazon and Best Buy have a long history of working together, and today we take our partnership to a new level,” said Jeff Bezos, Amazon founder and CEO. “These Fire Edition smart TVs by Insignia and Toshiba deliver beautiful visuals and all the movies and TV shows you love, with an experience that gets better every day with Alexa. We could not have a better partner in this endeavor.”

In addition Amazon founder, chairman and chief executive officer Jeff Bezos recently published the annual shareholder letter that specifies recent milestones. The company has exceeded 100 million paid Prime members globally. In 2017 Amazon shipped more than five billion items with Prime worldwide, and more new members joined Prime than in any previous year – both worldwide and in the U.S. Members in the U.S. now receive unlimited free two-day shipping on over 100 million different items.


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Danny Abramov



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