Markets

Amazon's Shares Jump 6 Percent After Record-Breaking Holiday Sales

Amazon's Shares Jump 6 Percent After Record-Breaking Holiday Sales

The company said consumers used Alexa to listen to "hundreds of millions more hours of music this holiday season compared to last holiday season". Amazon Storytime also saw a rise in popularity. Along with the Christmas sales report, the picture seems much brighter than Amazon had initially projected in its latest earnings results. In America alone, more than 1 billion items were shipped for the free using the Prime, Amazon said in a statement on the last Wednesday. Amazon gave back during the holidays as well.

Amazon.com reported a record-breaking holiday season as nowadays shoppers loaded their online baskets with the items from the Echo Speakers to Calvin Klein clothes, suggesting the consumer optimism is not being deterred by a tumbling stock market.

Amazon is also crowing about a banner year, selling millions of devices and signing up "tens of millions" of new Prime customers.

The United States was at that point headed into an out and out Christmas shopping binge, the outcome of high work figures and better wages, which thus filled a higher family income.

Amazon’s Alexa suffers outages on Christmas Day as device appeared to cope with onslaught of new users
Amazon breaks holiday sales record again, aided by Alexa voice purchases

That kind of volume presents a challenge for logistics services like FedEx Corp. and United Parcel Service Inc. Alexa played millions more songs this season than ever before across services comprising Spotify, Amazon Music, Apple Music, and Tidal amongst others, Amazon claims. The company said it had 1.5 million returns, its highest for the season, on December 19.

Tablets, smart speakers, and set-top boxes with Alexa equipped in grew this holiday season off the shelves, as per Amazon. OneWorld Software's "Setup for Amazon Alexa" app, which was made available on the App Store last week, reportedly collects personal information such as IP address, mobile device ID, browser, location data, etc. Amazon's Alexa was the most popular app in the USA on Apple's App store Wednesday, meaning lots of devices were likely activated on Christmas Day.

Some Alexa device owners who thought the app called "Setup for Amazon Alexa" was legit even left reviews to express their frustration over the "instability" and "complicated setup" of the app.

- With assistance from Bloomberg's Thomas Black.

Syria's Turkmen express support for Ankara's operation against YPG
Turkish President Recep Tayyip Erdogan has said Ankara will intervene in the coming months against ISIS and the YPG. Earlier, Turkish Foreign Minister Mevlut Cavusoglu had informed about a scheduled visit to Moscow in late December.


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