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Actual title: "Bezos Alarms Amazon Investors With Spending Pace as Loss Widens" Article gets into its recent losses and its capital intensive investments. Wei
by salemh 12y ago
Actual title: "Bezos Alarms Amazon Investors With Spending Pace as Loss Widens"
Article gets into its recent losses and its capital intensive investments.
Weighing on results is a price war in the cloud-computing market, where Amazon rents data storage and computing power to other companies. Amazon, whose cloud competitors include Google Inc. and Microsoft Corp., cut prices for its Amazon Web Services unit this year.
Bezos is spending to take Amazon further away from its roots as an online seller of books. As it makes that shift, the company is increasingly competing with large technology companies such as Apple Inc., Google, Microsoft and Samsung Electronics Co.
Amazon is shipping this week its Fire smartphone, a $199 handset that lets users take a picture of a product to find and buy it quickly from Amazon. Reviewers have panned the device, citing a weak battery, lack of applications and the gimmicky nature of its 3-D display. Szkutak declined to provide specific figures about orders for the new smartphone.
Strong sales or not, Bezos has proven with devices such as the Kindle Fire tablet that he’ll stick with a product and continue to invest, even if early models don’t prove popular.