Amazon (NASDAQ: AMZN), an American multinational technology company focused on e-commerce, cloud computing, digital streaming and artificial intelligence, was featured in a recent analysis report that discussed its increase in consumer demand. The report, written by LikeFolio Founder Andy Swan, reads, “Amazon’s purchase intent mentions are coming in at +11% year over year for the third quarter. What’s amazing about this is that due to COVID, this year’s Prime Day sales event did not happen in the quarter as it usually does. With a ‘normal’ increase in consumer demand resulting from Prime Day, Amazon would have been looking at a 25-30% increase in purchase intent mentions year over year. Instead, the company will get both Prime Day and holiday shopping in Q4 this year.”
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.aboutamazon.com/.
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