Skip to main content

Amazon brings in more than $113B thanks to its most successful Prime Day

Amazon posted strong sales but missed expectations.

What you need to know

  • Amazon announced its Q2 2021 earnings on Thursday.
  • The company's revenue grew to more than $113 billion, just missing sales estimates.
  • Prime Day and AWS were big drivers during the second quarter.

Amazon's second-quarter earnings report showed big gains for the company thanks in part to Prime Day, but analysts weren't too impressed by the company missing sales estimates.

The company managed over $113 billion in revenue, driven by its highest Prime Day sales, seeing more than 250 million items purchased during the two-day event. What was the most popular item? The Fire TV Stick 4K with Alexa Voice Remote, which is admittedly one of the best streaming devices you can get.

AWS also continued to grow, amassing nearly $15 billion in revenue and shows increased growth compared to last quarter.

However, while Amazon managed impressive numbers, the company also missed sales estimates by roughly two billion, and the outlook for this quarter may give analysts pause.

The company expects revenue this quarter to fall somewhere between $106 billion and $112 billion, which is below estimates of nearly $119 billion.

Amazon CFO Brian Brian Olsavsky attributes its numbers to the changing climate as restrictions ease and more people return to work amid the COVID-19 pandemic.

Q2 of this year was a transition period for many of our customers. As the quarter progress, people were at home less, restrictions and lockdowns eased in some of our largest geographies, including the US and much of Europe. As a result, while Prime members continue to spend more with us, growth in Prime member spend moderated compared to spending seen during the peak of the pandemic.

With online spending slowing down, the company will have to lean on AWS to continue its momentum. However, that shouldn't be a problem, as the former AWS head, Andy Jassy, is now the CEO at Amazon following Jeff Bezos' exit into space. With strong Q2 sales in the segment, Jassy has a positive outlook for AWS "as more companies bring forward plans to transform their businesses and move to the cloud."

Alexa in your hand

Amazon Fire TV Stick 4K

$40 at Amazon $53 at Walmart

Plug and play

The Amazon Fire TV Stick 4K was the most popular Prime Day item and for a reason. It offers easy access to Alexa, with voice navigation for your favorite apps and shows, all in glorious 4K resolution.

Source: androidcentral

Popular posts from this blog

Black Friday: Get the latest updates on PS5 stock, games, and accessories- #BlackFriday

It's that time of year when we start getting ready for the Black Friday PS5 deals, and you certainly shouldn't be waiting until the day itself if you haven't bagged Sony's new console yet. Since launch, last November, the PS5 has never lasted more than a few minutes when it comes into stock, and we expect the feeding frenzy to be no different well into next year. Jump to Black Friday PS5 deals See PS5 stock Internal SSD Headsets Controllers TV PlayStation Plus We're here to help point you in the right direction of the stores most likely to get the PS5 in next. There won't be any discounts on the console, though, and Black Friday PlayStation 5 bundles that appear will likely feature a range of items all added at full price because people will pay it. Sad, but true. So, if you see a sensibly priced PS5 at any moment from now, just bag it while you can. It's not all bad news, as the genuine stars of the Black Friday PS5 deals will be found on so

The 100+ Best Amazon Black Friday Deals 2021

Amazon drops thousands of Black Friday deals every year, and this year is no different. The Tech Talk team is sorting through all of those price drops to find you only the best discounts on the best products. Bookmark this list of the best Amazon Black Friday deals worth your time, as we'll continue to update it through the weekend. And if you're interested in sales from other retailers, we have an even bigger list of the best Black Friday deals to help you find everything you want and need this holiday. Vacuum and smart home deals Take your home to the next level with deals on all of the best appliances, speakers and security systems . iRobot Roomba 694 Robot Vacuum Deal price: $180 ; street price: $250 . A robot vacuum, if your pets can tolerate it while it's in action, is one of the best ways for dog and cat owners to deal with the inevitable accretion of hair. This is a nice opportunity to save on a variant of one of our top robot vacuum picks. The 600 series comes i

Technics EAH-AZ60 review: Contending in stunning fashion

Technics serves notice that everyone should notice these earbuds. Technics ventured into the wireless earbuds category to go after the big dogs in the race. Think of the likes of Sony, Bose, and Sennheiser on sound quality, as well as the best you can find on design and functionality. It's a combination that comes at a price, but if done right, it gets easier to justify spending more. That's the case Technics makes with its EAH-Z60 earbuds. Its newest pair aims to take what the company has done in the past and make it even better. The results are easy to like and are significant enough to consider them as serious contenders. Technics EAH-AZ60 review: Price and availability What's good What's not good The competition Should you buy? At a glance Technics EAH-AZ60 Bottom line: Technics didn't just do one thing right with the EAH-AZ60. It covered almost the whole gamut of what makes wireless earbuds feel and sound exceptional. As a result, the p

The best 150+ deals you won't want to miss #BlackFriday

Black Friday is here, and the Amazon Black Friday 2021 deals do not disappoint. Amazon announced that its 48-hour Black Friday bonanza would include "more deals than ever before" starting Thanksgiving Day. Indulge yourself with some killer deals, including AirPod Pros for just $169.99 and the internet's favorite hair styling tool nearly half off. At Reviewed, our product experts spend all year testing out the best of the best. Below, you’ll find hundreds of Amazon Black Friday 2021 deals on some of our favorite brands, including Instant Pot, Nespresso, Shark, Apple, Samsung and so much more. Whether you're looking for the perfect Christmas gifts or just shopping for yourself, let us do the research to find you the best price. Tackle your holiday shopping with deals and expert advice delivered straight to your phone. Sign up for text message alerts from the deal-hunting team at Reviewed. The Top 15 Best Amazon Black Friday De