Amazon's Bezos outlines grocery, drone plans

April 10, 2014 by Mae Anderson

CEO Jeff Bezos' annual letter to shareholders offers a glimpse into Amazon's internal workings and what it is aiming for in the future, including expanded same-day grocery delivery and drone delivery.

In Bezos annual letter to shareholders, he outlined Amazon's offerings, including its fresh grocery business called Prime Fresh, which it has offered for five years in Seattle and expanded to Los Angeles and San Francisco. Bezos said the goal is to expand to more cities over time.

And the company says its Prime Air unmanned drone team is testing fifth- and sixth-generation aerial vehicles and in the design phase on generations seven and eight.

Shares of Inc. fell $14.79, or 4.5 percent, to close at $317.01 amid a broader market sell-off.

Explore further: Amazon CEO: Color Kindle 'still a long way out'

Related Stories

Amazon swings to profit for 2013 on sales jump

January 30, 2014

US tech giant Amazon said Thursday it returned to profit in 2013 on a strong jump in revenue, as it expanded offerings for Kindle tablets and its original television programming.

Recommended for you

Toyota promises better mileage and ride with Prius hybrid

October 13, 2015

Toyota Motor Corp. released details for its fourth-generation Prius on Tuesday, promising that improvements in the battery, engine, wind resistance and weight mean better mileage for the world's top-selling hybrid car.

Facebook to test mobile app shopping tab

October 12, 2015

Facebook said Monday that it will begin testing a shopping tab for its mobile app as it works to ramp up advertising and online commerce offerings.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.