Amazon's Bezos outlines grocery, drone plans

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

Explore further: Amazon grocery delivery rolls into San Francisco

3 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Amazon swings to profit for 2013 on sales jump

Jan 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

HP sales inch up while profit drops

8 hours ago

Hewlett-Packard on Wednesday reported that its quarterly revenue was nudged up by improved computer sales, but its profit dropped as the veteran technology firm tried to renew its momentum.

Restaurants experimenting with pay-in-advance tickets

11 hours ago

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

Chip maker Infineon to buy California firm for $3B (Update)

14 hours ago

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

User comments : 0