Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

phx.corporate-ir.net

Post reply on HN
Print view View original

11–17 of 17 posts

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#11

Post by germainelol »

1stranger wrote: post #8

Obviously I'm in the minority based on their success but after the latest Prime rate increase I've mostly given up on Amazon. Part of it is just the terrible UX. Compare trying to watch Prime video with going to netflix.com. The retail website is incredibly noisy. There's all the 3rd party cruft to sift through (the things not sold by Amazon) and the worry about counterfeit products. AWS UI is always cluttered and fe…

Yeah, I definitely find myself buying from Amazon less often now. I shop around elsewhere as it's more user-friendly and only go to Amazon if I happen to search for a product and see it's cheaper on Amazon.

Before, a lot of people would have Amazon as their go-to "Google" for anything shopping related, but I don't think so anymore.

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#12

Post by mrep »

germainelol wrote: post #11
1stranger wrote: post #8

Obviously I'm in the minority based on their success but after the latest Prime rate increase I've mostly given up on Amazon. Part of it is just the terrible UX. Compare trying to watch Prime video with going to netflix.com. The retail website is incredibly noisy. There's all the 3rd party cruft to sift through (the things not sold by Amazon) and the worry about counterfeit products. AWS UI is always cluttered and fe…

Yeah, I definitely find myself buying from Amazon less often now. I shop around elsewhere as it's more user-friendly and only go to Amazon if I happen to search for a product and see it's cheaper on Amazon. Before, a lot of people would have Amazon as their go-to "Google" for anything shopping related, but I don't think so anymore.

> Before, a lot of people would have Amazon as their go-to "Google" for anything shopping related, but I don't think so anymore.

The fact that their sales are up 39% kind of disagrees with your experience.

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#13

Post by mrep »

1stranger wrote: post #8

Obviously I'm in the minority based on their success but after the latest Prime rate increase I've mostly given up on Amazon. Part of it is just the terrible UX. Compare trying to watch Prime video with going to netflix.com. The retail website is incredibly noisy. There's all the 3rd party cruft to sift through (the things not sold by Amazon) and the worry about counterfeit products. AWS UI is always cluttered and fe…

> There's all the 3rd party cruft to sift through (the things not sold by Amazon) and the worry about counterfeit products.

I've bought hundreds of products from Amazon and have not experienced one counterfeit good. I even bought a 60 inch 4k $1,000 tv and a $300 foam mattress that would have probably cost $3,000 if I bought it from a traditional retailer and they are both amazing. Add on the fact that I can buy everything from home and don't have to walk/drive to a store and prices are really good, I buy pretty much everything I can from Amazon.

The only products that I have bought from Amazon which have been relatively crappy quality are cords but I paid 1/10th the price for multiple variable length ones effectively saving me 95% of money (1/10th the price * 3 cords) plus I get spares to leave around the house. The overall cost of replacing even an entire set of bad ones has been blindingly obvious in favor of the cheap ones.

Granted, I only tend to buy things that are highly rated by Amazon which almost always have prime shipping but I don't see where this counterfeit goods destroying the market sentiment comes form?

Are you just buying the cheapest goods despite the ratings/sales reputation causing you to be scammed?

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#14

Post by thephyber »

eat_veggies wrote: post #7
tedunangst wrote: post #4

But, but, but.. Amazon will never make a profit!

has anybody ever said this in the past five years

Yes. There is still a legion of critics who complain that AMZN doesn't return profits to shareholders rather than reinvest it in capital improvements. Even while their stock price keeps growing at an incredible pace.

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#15

Post by chriselles »

samfisher83 wrote: post #9

Over last 6 months aws made money than the entire retail business.

It would appear AWS is the entire profit Center of Amazon.

With Amazon retail business being run as a non profit, until such time as conditions compel Amazon to raise prices higher.

If Amazon’s shareholders allow Amazon to continue running retail as a non profit(as they have for over 20 years), then I think this will continue until Amazon maxes out at whatever the ceiling retail market share is for a single company.

But I think Amazon’s non profit retail land grab could continue for another 10-20 years.

Besides shareholders stopping Amazon, I envisage the only things that can stop the Amazon Borg Cubes are:

1)Government regulatory “shields” being raised

2)Web/Cloud Services getting ruthlessly competitive and margins plummeting.

Just my personal thoughts.

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#16

Post by chriselles »

1stranger wrote: post #8

Obviously I'm in the minority based on their success but after the latest Prime rate increase I've mostly given up on Amazon. Part of it is just the terrible UX. Compare trying to watch Prime video with going to netflix.com. The retail website is incredibly noisy. There's all the 3rd party cruft to sift through (the things not sold by Amazon) and the worry about counterfeit products. AWS UI is always cluttered and fe…

I’m a Prime Member(and an early Amazon employee 07-01).

Hard to get Prime Video working outside the US.

And annoying intentional issues like searching for running shoes by size and brand and receiving results of “From as low as $XX.XX”

Then you have to search by size to determine the price roulette result.

For the price shopper, it intentionally wastes my time trying to find the best value.

From a business angle, it makes sense.

From a customer centric angle, not so much.

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#17

Post by zenbane »

chriselles wrote: post #15
samfisher83 wrote: post #9

Over last 6 months aws made money than the entire retail business.

It would appear AWS is the entire profit Center of Amazon. With Amazon retail business being run as a non profit, until such time as conditions compel Amazon to raise prices higher. If Amazon’s shareholders allow Amazon to continue running retail as a non profit(as they have for over 20 years), then I think this will continue until Amazon maxes out at whatever the ceiling retail market share is for a single company.…

Isn't this supposed to be illegal? I was once taught that anti-trust laws were put in place to prevent predatory pricing. Amazon doesn't need to make any profit on retail as long as AWS can support it.
Post reply on HN