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Archivo del Autor: Belen De Leon

Amazon’s Prime Day again became the biggest sales day in its history

Prime Day has once again broken records. Despite serious glitches at its start, Amazon announced this morning that Prime Day 2018 grew to become the biggest shopping event in its history, beating out Cyber Monday, Black Friday, and the previous Prime Day 2017. Of course, this year’s Prime Day was longer – a full 36-hours, in fact. And while Amazon did make its comparisons to other sales holidays over the same period of time, it’s not quite the same thing to compare a shorter sale to a longer one. (Last year’s Prime Day was 30 hours, for example.)

Still, it’s a remarkable showing on Amazon’s part. So much so that Amazon has taken the unusual step of actually providing some numbers around how much people bought. Though it still declines to talk sales dollars, as per usual, it did say that Prime members worldwide purchased over 100 million products, with small and medium-sized businesses on Amazon “far exceeding” $1 billion in sales this year.

It was unclear, however, if Amazon was counting sales at Whole Foods – which did participate in Prime Day for the first time – when calculating this 100 million products sold figure, or its “best day ever” statements. We asked the company to clarify this, and confirmed that Whole Foods sales were not being included in those calculations.

That said, Amazon says that Prime members “saved millions” at Whole Foods during Prime Day, where the top buy was organic strawberries.

Prime Day 2018 was also the biggest event ever for Amazon devices, the retailer noted.

This can be, in part, chalked up to the fact that Amazon put its devices on sale 12 hours before Prime Day even began, which allowed people more time to buy them at the reduced prices.

Its best-sellers worldwide included the Fire TV Stick with Alexa Voice Remote and the Echo Dot.

The Dot was a top seller in 2017, too. It’s the most affordable of the Alexa-powered speakers, and was this year marked down $20 to $29.99, making it a good deal. Fire TV devices, Kindle e-readers had their best day ever on Amazon globally on day one of Prime Day, July 16, 2018. Prime Day was also the biggest sales event for Echo Show and Echo Spot.

Amazon didn’t provide numbers for any of these sales, but said “millions” of Fire TV devices were sold worldwide.

In the U.S., July 17 was the biggest day for smart home devices in history, with over a million devices sold, and Ring had its best day ever on July 16, with the Ring Video Doorbell Pro selling out. The Amazon Cloud Cam also became the best-selling security camera in Amazon history.

Outside of Amazon devices, other U.S. top sellers included the Instant Pot and LifeStraw water filters. Members purchased more than 300,000 Instant Pot 6 Qt 7-in-1 Multi Use and 150,000 LifeStraw Personal Water Filters, the retailer said. Back-to-school items did well, too, with millions of pencils and pens sold.

Different countries had their own best-sellers, which tended to include smart home items, electronics, gaming systems, tools, and other items for the home.

Above: Top sellers by country

Among Amazon’s own brands, top sellers included the Stone & Beam Ceramic Geometric Table Lamp; Presto! Ultra Soft Toilet Paper; Daily Ritual Women’s Jersey Short-Sleeve V-Neck T-Shirt Dress and AmazonBasics Pre-Seasoned Cast Iron Skillet.

The company said that a record number of Prime members shopped Prime Day in 2018, but this, too can be explained partly by expanded access to the sale – Prime Day went live in Australia, Singapore, the Netherlands and Luxembourg for the first time this year. In total, 17 countries had access to Prime Day sales.

More importantly to Amazon’s bottom line was the increase in Prime membership sign-ups. In the end, the actual sales are just icing on the cake – Prime Day’s larger goal is increasing the number of subscribers for its now $119 per year Prime membership program. Turning online consumers into paying subscribers not only increases Amazon’s subscription revenues, it boosts overall sales as those consumers begin to shop Amazon more often to take advantage of its free, 2-day shipping and other premium services – like Amazon Channels, audiobook subscriptions, on-demand music, and more.

The retailer in April announced Prime had exceeded 100 million subscribers, and Amazon didn’t update that number today.

It’s notable that Amazon Prime Day went well, given how badly it began – glitches caused shoppers to lose the ability to even see the deals or complete checkout at the beginning of the sale, potentially resulting in millions of lost sales. One estimate from Internet Retailer is even putting that figure at $72.4 million in lost revenue from U.S. consumers.

However, RBC Capital Markets is estimating Amazon generated $1.5 to $2 billion in Prime Day revenue.

“Prime Day offers us a unique opportunity to thank Prime members with our best deals,” said Jeff Wilke, CEO Worldwide Consumer, Amazon, in a statement. “Extending Prime Day to a day and a half this year allowed us to further reward members with unbeatable deals, access to exclusive new products and unforgettable experiences that highlight the many benefits of a Prime membership. All of this was made possible because of our many valued associates – the global team that continues to make Prime Day bigger and better.”

 


Source: TechCrunch

Light raises $121M led by SoftBank as it prepares to bring its camera tech to smartphones

Camera technology company Light is the latest to do the money dance with SoftBank’s massive Vision Fund after it raised a $121 million Series D round.

The funding round was led by Vision Fund, the near-$100 billion fund anchored by SoftBank, with participation from consumer camera giant Leica Camera AG. Today’s announcement takes Light to around $186 million raised from investors to date.

Light is best known for its futuristic camera technology and shooters. The company first introduced the $1,950 L16 camera back in 2015, which then began shipping in 2017. The camera uses 16 lenses to capture 52 megapixel imagery which produces impressive results. Perhaps most notably, the L16 is tiny which makes it hugely portable and convenient.

Given the small form factor and the rise of mobile photography, it was with little surprise that earlier this month Light teased its first smartphone camera product. Exact details of what that product will finally look like are unclear, but a Light representative told TechCrunch that its mobile technology has been licensed to an OEM which plans to launch a Light-powered smartphone this coming September.

“In this era, pocketable, connected cameras can reconstruct the world in three dimensions and superhuman detail, cars are able to perceive the objects around them without the need for special sensors, and robots are able to thread the elusive needle autonomously,” Light said in a statement.

In addition, the company claims the smartphone tech, which supports up to nine cameras on the rear side of the phone, will “shatter the expectations of mobile photography” when it is released.

A representative said also that Leica and Light’s partnership may see the duo develop consumer products that utlize Light’s tech, although details of that are even less clear than the smartphone plan at this point.

That foray into mobile underscores the plans for this new round of funding for Light. The company said it intends to push its technology, which to date has been utilized in the consumer space, into security, robotic, automotive, aerial and industrial imaging verticals.

You can imagine that this ambition to expand fed nicely into SoftBank’s pitch for Vision Fund, which is designed to bring together the world’s top technology companies and encourage synergies between them. With ARM and Nvidia among the chipset firms backed by the fund, Light will see plenty of opportunities to knock on new doors and explore growth opportunities as part of the collective.


Source: TechCrunch

Photograph or Painting? These Landscapes Are Both

French artist Guillaume Hebert creates hybrid images that blur the differences between media.
Source: Wired

Rising Seas Could Cause Your Next Internet Outage

In just 15 years, roughly 4,000 miles of fiber-optic cables in US coastal cities could go underwater.
Source: Wired

The False Tale of Amazon's Industry-Conquering Juggernaut

Jeff Bezos may be the richest man of the modern age, but he built his e-commerce empire by playing freely with new ideas—not disrupting swaths of industries
Source: Wired

The Ken raises $1.5M to grow its subscription journalism business in India

The Ken, a subscription news startup from India, is moving through the gears after it raised $1.5 million in fresh funding to build out its media business.

We first profiled the company in March 2017 and now, nearly 18 months later, the startup has raised its Series A round led by Omidyar Networks, which has invested in new media companies such as Rappler in the Philippines. Other investors included Yuj Kutumb, the Family Foundation headed by Xander Group founder Sid Yog, and existing and new angel investors.

Rohin Dharmakumar, co-founder and CEO of The Ken, told TechCrunch that the company still has more than half of its $400,000 seed round in the bank, but it has raised this additional cash to go after new opportunities.

The Ken has made its mark by publishing one thoughtfully-reported long-form story each day. An annual subscription is priced at Rs 2750 (around $43) in India or $108 overseas, there are also options for quarterly and single-story access. Thus far it has covered technology startups, healthcare and business verticals but now it is aiming to expand that focus.

“We were a single product experience,” Dharmakumar said. “But this funding allows us to slowly transition The Ken to a media brand with a portfolio of products that gives our readers different things to connect to on different days.”

“We don’t want to replace newspapers, we want to complement them [and] be the deep read that you take alongside the newspaper,” Dharmakumar added, explaining that The Ken will never churn out “dozens” of stories each day.

“We do one story [per day] right now and we might go to two or three, but we’ll organize it so people can read different slices. Increasingly it’s our belief that we don’t want to bombard readers with too much stuff to read each day [because] we can’t do justice to our stories and readers can’t process the information,” he said.

Beyond expanding the scope of reporting, The Ken is looking to cover international topics for its India-based audience and it is also dabbling with different types of storytelling.

That’s already manifested in a weekend edition — which Dharmakumar said has a very different tone — but the startup is looking into audio storytelling, podcasts and other mediums that allow it to “stay true to our brand of journalism.” Video is, at this point, off the table although it could be used in conjunction with stories but not standalone.

Dharmakumar noted that The Ken may also experiment with events over the next twelve months, but he was quick to point out that the focus should be on bringing value to subscribers and not simply pulling in cash. Events are, of course, can be hugely lucrative for media companies — its a key revenue driver for TechCrunch among others, for example — but his concern is that it takes the company down a road it doesn’t want to be on.

“It’s easy to get sidetracked by events,” Dharmakumar said. “We didn’t start this business to do events.”

On the subject of revenue, however, The Ken appears to be doing well even though it isn’t divulging specific numbers at this point.

The company proudly announced it was cash flow positive in April 2018 and Dharmakumar revealed that revenue for its most recent quarter was doubled the previous quarter, and up 3X on the period one year previous. A key part of that seems to be group subscriptions. The Ken has developed a self-serve option that allows corporates to sign-up staff on their dime, while the launch of a discounted student price has also led major educational institutions, including Havard Business School India, to signing up students en masse.

“We’ve proved [the naysers] wrong and with a team of 15 people — we pay market salaries to all our journalists— we became cash flow positive,” Dharmakumar said. “We’re on the cusp of a significant uptick in subscribers. More and more people are discovering us and realizing ‘Hey this price isn’t so bad and the journalism they commit to delivering is good.’”

That team is spread across three offices and the headcount looks set to jump to 30 over the next few months with The Ken in full on hiring mode right now, its CEO said.

You can read more about The Ken’s new funding round on its website here — that post is free to view, of course.


Source: TechCrunch

Google confirms it will appeal $5 billion EU antitrust fine

Google has confirmed the expected, that it will indeed appeal the record $5 billion fine that it was handed today by European antitrust regulators for abusing the dominance of its Android operating system.

The European Commission announced that it is fining the U.S. firm for “three types of restrictions that [it] has imposed on Android device manufacturers and network operators to ensure that traffic on Android devices goes to the Google search engine.”

The press conference announcing the investigation, which has been eight years in the making, remains ongoing as of writing, but Google has already issued a short statement that confirms its intention to appeal.

“Android has created more choice for everyone, not less. A vibrant ecosystem, rapid innovation and lower prices are classic hallmarks of robust competition. We will appeal the Commission’s decision,” it said in a tweet.

We’re breaking out the specific details as we learn them in this post, but here’s the core gist.

Competition commissioner Margrethe Vestager tweeted details of the penalty and explained more in an initial statement:

Today, mobile internet makes up more than half of global internet traffic. It has changed the lives of millions of Europeans. Our case is about three types of restrictions that Google has imposed on Android device manufacturers and network operators to ensure that traffic on Android devices goes to the Google search engine. In this way, Google has used Android as a vehicle to cement the dominance of its search engine. These practices have denied rivals the chance to innovate and compete on the merits. They have denied European consumers the benefits of effective competition in the important mobile sphere. This is illegal under EU antitrust rules.

In particular, the EC has decided that Google:

  • Has required manufacturers to pre-install the Google Search app and browser app (Chrome), as a condition for licensing Google’s app store (the Play Store);
  • Made payments to certain large manufacturers and mobile network operators on condition that they exclusively pre-installed the Google Search app on their devices
  • And has prevented manufacturers wishing to pre-install Google apps from selling even a single smart mobile device running on alternative versions of Android that were not approved by Google (so-called “Android forks”).

The decision also concludes that Google is dominant in the markets for general internet search service, licensable smart mobile operating systems, and app stores for the Android mobile operating system.


Source: TechCrunch

Google hit with record $5 billion EU fine over Android antitrust practices – CNET

Big changes to Android could be on the way.
Source: CNET

Your next virtual reality headset will require just one USB-C cable to connect

Microsoft, Oculus, AMD, Nvidia, and Valve are joining forces to create a new VirtualLink specification. The new tech is designed to replace the HDMI, USB, and power cables needed to connect a VR headset to a PC with a single USB-C cable.

The post Your next virtual reality headset will require just one USB-C cable to connect appeared first on Digital Trends.


Source: Digital trends

Silence in the deep: Inside the HMS Ocelot stealth submarine – CNET

The Ocelot is a British sub named after a rare species of wild feline. The cat photos from this tour are light on cute, heavy on cool military tech.
Source: CNET

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