Categories Retail, Technology

Amazon sells more items than ever before this holiday season

Amazon (AMZN) on Wednesday said it had a record-breaking holiday season, with the number of orders hitting a new peak. Without specifying the numbers, the e-commerce retailer said tens of millions of people initiated Prime memberships – free and paid – during the December quarter.

Amazon shares opened up 3.9% on Wednesday. Amazon stock has gained 13% so far this year and is the best among FAANG stocks after Netflix (NFLX).

amazon vs walmart india
Photo by Piotr Cichosz on Unsplash

CEO Worldwide Consumer Jeff Wilke said, “This season was our best yet, and we look forward to continuing to bring our customers what they want, in ways most convenient for them in 2019. We are thrilled that in the U.S. alone, more than one billion items shipped for free this holiday with Prime.”

The company said its own products also sold well this holiday season, led by the Echo Dot, Fire TV Stick 4K and Echo. The kids’

editions of Echo Dot and Fire tablets also saw a significant increase in orders, the company stated.

Amazon is thrashing Walmart in the great Indian e-commerce war

Alexa crashes on Christmas day

Meanwhile, taking away the sheen of record sales, many Echo customers from the UK reported that they were unable to control lights or play songs through the device on Christmas Day. According to The Guardian, voice assistant Alexa crashed on Christmas Day as servers were overloaded with commands.

Alexa’s standard response to the users was – “Sorry, I’m having trouble understanding you right now.” The crash occurred around 10 AM GMT.

 

Also Read:  AMD defies crypto blues; stock jumps as Q2 results beat street view

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

A look at factors that make Snap-on (SNA) a compelling investment option

Snap-on Incorporated (NYSE: SNA), the century-old company that makes high-end tools for the automotive industry, is unlikely to have a smooth ride in the current quarter, given the deepening turmoil

BlackBerry (BB) Q4 2020 earnings call highlights; blames COVID-19 for not providing fiscal 2021 outlook

Immediately after BlackBerry's (NYSE: BB) fourth-quarter 2020 results came out last evening, its stock traded in the green for quite some time in the after-hours. However, when the company announced

Why HP (HPQ) is better off without Xerox (XRX)

Xerox Corp. (NYSE: XRX) has dropped its takeover bid for HP Inc. (NYSE: HPQ) citing difficulties created by the coronavirus outbreak. This could be a relief for HP since the

Tags

Top