Skip to main content

Amazon reports better than expected Q4, but lowers Q1 guidance

Amazon had a heck of a holiday. The online retail giant posted Q4 earnings today, reporting $72.4 billion in revenue, topping last year’s $60.45 billion and besting the analyst forecat of $71.92 billion.

Extremely wealthy individual Jeff Bezos singled out Alexa’s record holiday season as a source of the robust quarter.

“Alexa was very busy during her holiday season. Echo Dot was the best-selling item across all products on Amazon globally, and customers purchased millions more devices from the Echo family compared to last year,” the CEO said of the earnings. “The number of research scientists working on Alexa has more than doubled in the past year, and the results of the team’s hard work are clear.”

Amazon Web Services also played a key role here, with a massive $2.2 billion operating income. AWS’s $7.43 billion sales beat the $7.29 billion analyst estimate and marked a healthy jump from last year’s $5.11 billion. 

The numbers look good, though, as CNBC notes, the 19.7 revenue growth for the quarter, is the lowest since 2015. Wall Street reaction was further damped by Amazon’s lowered guidance for Q1. Amazon’s put revenue for the upcoming quarter at between $56 billion and $60 billion, below analyst expectations of $60.99 billion.



from TechCrunch https://tcrn.ch/2UxMJ2b
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Apple’s AI Push: Everything We Know About Apple Intelligence So Far

Apple’s WWDC 2025 confirmed what many suspected: Apple is finally making a serious leap into artificial intelligence. Dubbed “Apple Intelligence,” the suite of AI-powered tools, enhancements, and integrations marks the company’s biggest software evolution in a decade. But unlike competitors racing to plug AI into everything, Apple is taking a slower, more deliberate approach — one rooted in privacy, on-device processing, and ecosystem synergy. If you’re wondering what Apple Intelligence actually is, how it works, and what it means for your iPhone, iPad, or Mac, you’re in the right place. This article breaks it all down.   What Is Apple Intelligence? Let’s get the terminology clear first. Apple Intelligence isn’t a product — it’s a platform. It’s not just a chatbot. It’s a system-wide integration of generative AI, machine learning, and personal context awareness, embedded across Apple’s OS platforms. Think of it as a foundational AI layer stitched into iOS 18, iPadOS 18, and m...
Post a Comment
Read more

The Silent Revolution of On-Device AI: Why the Cloud Is No Longer King

Introduction For years, artificial intelligence has meant one thing: the cloud. Whether you’re asking ChatGPT a question, editing a photo with AI tools, or getting recommendations on Netflix — those decisions happen on distant servers, not your device. But that’s changing. Thanks to major advances in silicon, model compression, and memory architecture, AI is quietly migrating from giant data centres to the palm of your hand. Your phone, your laptop, your smartwatch — all are becoming AI engines in their own right. It’s a shift that redefines not just how AI works, but who controls it, how private it is, and what it can do for you. This article explores the rise of on-device AI — how it works, why it matters, and why the cloud’s days as the centre of the AI universe might be numbered. What Is On-Device AI? On-device AI refers to machine learning models that run locally on your smartphone, tablet, laptop, or edge device — without needing constant access to the cloud. In practi...
1 comment
Read more

Max Q: Psyche(d)

In this issue: SpaceX launches NASA asteroid mission, news from Relativity Space and more. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/h6Kjrde via IFTTT
Post a Comment
Read more