:Amazon.com Inc on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as heavy spending to maintain delivery operations diminishes the company's windfall from online shopping.After a year of blockbuster results, the world's largest online retailer is facing a tougher outlook.
Andy Jassy, who took the helm of Amazon as CEO in July, said in a press release that the company would incur several billion dollars of extra expenses in its consumer business to deal with higher shipping costs, increased wages and labor shortages. To juice sales, the company started encouraging customers to shop holiday deals as early as Oct. 4 this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Singapore to create 200 jobs by end-2022, opens new officeAmazon Singapore plans to create over 200 jobs in the city-state by the end of next year, as it opens a new office at Asia Square Tower 1.
Source: YahooSG - 🏆 3. / 71 Read more »
Amazon to create more than 200 jobs in Singapore with new office at Asia Square
Source: TODAYonline - 🏆 1. / 99 Read more »
Advanced Micro Devices forecasts current-quarter revenue above estimatesAdvanced Micro Devices Inc forecast fourth-quarter revenue above market expectations on Tuesday, betting on strong demand for its chips used in personal computers, gaming consoles and data center servers.The company said it expected revenue of about US$4.5 billion, plus or minus US$100 million, compared w
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Samsung says component supply issues to affect chip demand, profit hits 3-year highSEOUL :Samsung Electronics Co Ltd said on Thursday it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly profit in three years.The warning comes as producers of goods from televisions to cars have faced a host of supply chain iss
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Kevin Cheng & Linda Chung’s Comeback TVB Drama Kids’ Lives Matter Met With Disappointing Ratings
Source: TODAYonline - 🏆 1. / 99 Read more »
Vivendi committed to TIM despite disappointing results -sourceMILAN : Telecom Italia's (TIM) top investor Vivendi is committed to supporting Italy's biggest telecoms group despite its disappointing financial results, a source close to the French media group said on Wednesday.The comments came after TIM posted a decline in revenues and core profits for the third quar
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »