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Amazon; not just selling goods but running a $1.5 billion web service industry too

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By NewsGram Staff Writer

A major revelation by Amazon about its web services business has brought it at par with global web giants like Microsoft, Google and IBM, even dwarfing some.

For the first time the company has talked openly about its web services, a topic it avoided discussing till now.

According to the information released by the firm, Amazon web services’ business includes $1.5 billion as net sales and $265 million as profits. Amazon web services have over a million customers and counts companies like Dropbox, Spotify, Netflix, and even the CIA as its clients.

One of the main features of Amazon web services, apart from powering websites, is their tool, Amazon Machine Learning. The tools use technology that helps computers to guess human choices. Started in 2006, the web services of Amazon have a market share of 27% as compared to Microsoft’s 10%.

CEO and founder Jeff Bezos has called Amazon a $5 billion business that is still accelerating.

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Amazon, Toshiba Announce First Budget-friendly TV with Dolby Vision

The company has continued to iterate on the Fire TV software to embrace Alexa voice controls as well

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Google , US, Alexa, Amazon, Drones, e-commerce
The logo of Amazon, online retailer is seen at the company logistics center in Lauwin-Planque, France. VOA

E-commerce giant Amazon has announced the first budget-friendly Toshiba-branded 4K TV with built-in Fire TV software and Dolby Vision.

Up until now, the Dolby Vision — which is an HDR format that offers a wider colour palette and brighter highlights — has been widely available in premium-priced smart TVs, it is still trickling down to entry-level sets.

The Toshiba set would be available in 55-inch, 43-inch and 50-inch variants for $449.99, $329.99 and $379.99 respectively, The Verge reported on Thursday. The TVs would be available exclusively on Amazon and Best Buy stores.

The news comes as Amazon prepares to open an installation at the Dolby experiential space in New York City’s Soho neighbourhood where it would showcase theatre-like viewing experience with Dolby’s audio and visual technologies on recent Fire TV hardware.

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Smart televisions are becoming a popular trend.

Amazon’s Fire TV has over 34 million active monthly users and the company currently includes the Stick.

The Fire TV Stick 4K supports Dolby Vision, while the Cube offers Dolby Atmos audio but not the visual side, the report added.

Also Read- Only 1 in 10 People Understand How Cryptocurrency Works, Reveals Survey

The company has continued to iterate on the Fire TV software to embrace Alexa voice controls as well.

The Fire TV Edition with Dolby Vision was a necessary step for Amazon to better square off with the line-up of Roku TVs on the market like TCL, which already offers Dolby Vision output, the report noted. (IANS)