Amazons retail and cloud computing are strong, and share prices hit a record high.

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 Amazons retail and cloud computing are strong, and share prices hit a record high.


NetEase news April 27th, according to Reuters, Amazons latest financial report showed Amazons net profit of $1 billion 629 million as of the first quarter of 2018 and $3.27 per share after an dilution, more than analysts previous average expected $1.26, and a net profit of 724 million in the same period last year. The profits were $1.48 per share after the dilution. Total sales rose 43% to $51 billion in the quarter, exceeding analysts average forecast of $49 billion 800 million, compared with $35 billion 700 million a year ago. The companys development in retail and cloud computing business showed no signs of slowing down. Amazons first quarter sales and profits grew by more than expected, and its outlook was optimistic, which brought a lot of surprises to investors. In addition, Amazon and the national rugby union announced a cooperative agreement: during the season from 2018 to 2019, Amazons PrimeVideo service will live on the Thursday Night Football League. Amazons shares rose 7% in after hours trading, breaking a record high of $1620. Amazon has had a great impact on physical stores, which sell almost all goods at a low price, sometimes at a faster rate than from physical stores. Last year, it bought the fresh chain store Total (WholeFoods) for $13 billion 700 million, aiming to enter the field of fresh products. With the rapid development of Amazon, CEO Geoff Bezos has become the worlds richest man and has attracted the attention of US President Donald Trump. Trump has published several tweets to attack Amazon. For example, he claimed that Amazon did not pay sufficient postage to the US postal service. Wedbush securities analyst Michael Pachet (MichaelPachter) told Reuters that the US government rebukes Amazon for not paying enough taxes and postage, which is the best revenge of Amazon. Amazons Prime members enjoy fast logistics, video services and other privileges. Prime service has always been the key to the growth of the companys revenue. Amazon now has more than 100 million Prime members worldwide, spending more than Amazon on average. Recently, Amazon has increased the monthly subscription cost of Prime members, which is estimated to affect about 30% of members. Sales of Prime subscription and other subscription fees increased by 60% to $3 billion 100 million. The profit of AWS cloud business climbed to 5 billion 440 million US dollars, an increase of 49%. According to Thomson Reuters I/B/E/S, analysts had expected an average of $5 billion 250 million. Amazon expects operating profit in the second quarter to be between $1 billion 100 million and $1 billion 900 million, compared with $628 million a year ago. (Chen Chen) the source of this article: NetEase science and technology report editor: Wang Fengzhi _NT2541 Amazons Prime members enjoy fast logistics, video services and other privileges. Prime service has always been the key to the growth of the companys revenue. Amazon now has more than 100 million Prime members worldwide, spending more than Amazon on average. Recently, Amazon has increased the monthly subscription cost of Prime members, which is estimated to affect about 30% of members. Sales of Prime subscription and other subscription fees increased by 60% to $3 billion 100 million. The profit of AWS cloud business climbed to 5 billion 440 million US dollars, an increase of 49%. According to Thomson Reuters I/B/E/S, analysts had expected an average of $5 billion 250 million. Amazon expects operating profit in the second quarter to be between $1 billion 100 million and $1 billion 900 million, compared with $628 million a year ago. (cherishing Chen)