Diamonds and Dogs

12/26/17

Amazon (AMZN) does it again. Amazon rose a percent in a down market as they added 4 million new members to Amazon Prime in just one week. Analyst estimate Amazon now has as high as 80 million Prime members paying $99 per year for membership. During the holiday season Amazon sold "tens of millions of Alexa-enabled devices. The Amazon holiday sales report comes just ahead of its second annual "Digital Day," an Amazon-created event that takes place on Friday, Dec. 29, "offering the biggest savings of the year on digital content." Amazon said customers will be able to access more than 5,000 deals over eight categories including movies, TV shows, mobile games, apps, e-books, and more.

The Barron's cover curse. Apple received the cover of Barron's over the weekend predicting the first trillion dollar company, yet the stock dropped 2.5% today on worries iphone X sales may slow in the first quarter of 2018. Reports out of Taiwan and one analyst at Sinolink Securities said in a new report that iPhone X shipments in the first quarter may be a whopping 10 million below their prior estimate. It marked the third report in under a week to cite the iPhone X's $1,000 price tag as stunting consumer demand. Other analysts like Gene Munster came to the defense of Apple saying demand issues always appear in the December time period and Apple is still on track for record sales and record profits.