(Reuters) – Amazon.com Inc (AMZN.O) is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to internal meeting notes seen by Reuters.
FILE PHOTO: Amazon packages are pushed onto ramps leading to delivery trucks by a robotic system as they travel on conveyor belts inside of an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., December 2, 2019. REUTERS/Lucas Jackson/File Photo
The company also sees a risk to cloud computing sales in France, while another business – video on demand – is shaping up to post $100 million more in revenue than Amazon had planned for the first quarter, the document said.
Amazon declined to comment.
The notes, in which Amazon’s general counsel wrote critical comments reported by Vice News about an employee it fired on Monday, offer a rare insight into planning inside the world’s largest online…
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