(NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 23rd. At the end of the day, it appears best for its investors and consumers alike that Amazon threw in the towel on its ill-conceived smartphone experiment. The shares were sold at an average price of $534.27, for a total value of $2,137,080.00. Piper Jaffray restated an “overweight” rating and set a $650.00 price target on shares of Amazon.com in a report on Monday, August 3rd. The firm earned $23.18 billion during the quarter, compared to analyst estimates of $22.35 billion.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director, of Amazon Com Inc, Stonesifer Patricia Q had unloaded 6,250 shares at $505.39 per share in a transaction on September 2, 2015. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. The disclosure for this sale can be found here.
Amazon has been looking for ways to re-invigorate tablet sales of late, and one of the ways they’re rumored to be doing that is by delivering a Kindle Fire. Amazon.com now has an average rating of Buy and an average target price of $600.06.
Amazon.com, Inc. (NASDAQ:AMZN) managed to eke out gains of 0.73% in intraday trade. And in recent weeks, the company indicated it sold through its entire existing stock of Fire Phone inventory and did not plan to resupply, a move that effectively discontinues the product altogether. The Company designs its Websites to enable millions of products to be sold by the Company and by third parties across dozens of product categories. A non-ad version of its current Fire HD 6-inch tablet sells for $114 at retail. Amazon.com operates in two segments: North America and worldwide.
Amazon reportedly has turned to Shanghai Huaqin Telecom Technology and Taiwan’s Compal Communications to develop the new mini tablet rather than its own Lab126 unit, the Journal’s sources said. It functions writers and independent publishers with Kindle Direct Publishing.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. The worldwide section focuses on the operations of the Company’s.
There’s no word at this point if Amazon’s new mini tablet will offer pricing tiers based on whether or not ads are featured on screen.