Amazon to make one-day shipping the standard on Amazon Prime

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USA rivals Walmart and Target Corp have steadily rolled out two-day shipping, albeit on far fewer items than Amazon Prime customers can get at that speed for $119 a year in the United States. Amazon said the category grew 34 percent in the first quarter to bring in $2.7 billion in net sales.

Amazon will spend $800 million in the second quarter on the goal.

Amazon's AWS cloud division again rained down impressive growth, with revenue up 41% to $7.7 billion (in line with Wall Street estimates).

During Q1, Amazon Studios greenlit more than 20 new and returning local original series, including La Templanza in Spain, Wir Kinder vom Bahnhof Zoo in Germany, Bandish Bandits in India, El Presidente in Mexico, and The Bachelorette in Japan.

For now, it isn't clear when Amazon will complete the transition to the faster delivery time. Amazon made almost $3.6 billion in the first months of the year.

The standard delivery time for your Amazon Prime orders will eventually take one day, not two. "We'll be building most of this capacity through the year in 2019".

"We've already started down this path", Olsavsky said, and he pointed to both an expanded number of ZIP codes and product selection for one-day delivery.

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Amazon is one of the world's largest camera stores.

The announcement comes shortly after Amazon's quarterly earnings calls, where it revealed that its retail income is slowing, which is not surprising since a business can only grow so big. Analysts expected revenue of $62.53 billion.

Amazon's Prime subscription service offers free two-day shipping as one of its best perks, and now the company is about to make things even better.

In the same time a year ago, it reported net income of $1.63 billion, or $3.27 per share. More than half of the company's merchandise is sold by third-party sellers. That has given investors confidence the company can continue to expand its profitability, even as fellow technology giants like Alphabet and Facebook see their margins narrow, Thill said.

The numbers reflect Amazon's transformation from a low-margin retail business to a more lucrative marketplace and technology behemoth.

Technology and content expenses, which is primarily payroll for research-and-development work, and the cost to stow, pack and ship inventory, grew at a slower pace than in recent quarters. Amazon has not described in detail its thinking behind the bets.

The company has boosted its profits by expanding into businesses beyond selling goods online.

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