Amazon pegs COVID-19 costs at an estimated $4 billion next quarter

Amazon expects to incur $4 billion in COVID-related costs next quarter, an estimate that provides a bellwether for other businesses, large and small, trying to stay operational and control expenses amid the pandemic. The upshot: Amazon is planning for COVID to remain an unwelcome companion through the end of the year with costs higher than the previous quarter. The company said Thursday in its third-quarter earnings call that it logged $7.5 billion in COVID-related costs since the disease took root earlier this year. Amazon previously said its COVID costs were about $600 million in the first quarter and more than $4 billion in the second. The company’s COVID costs in… Read More

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THE SMART SPEAKER REPORT: Smart speakers could be the fastest-growing digital platform ever — here’s how to engage with customers through the devices

Summary List Placement This is a preview of The Smart Speaker research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more technology coverage with Connectivity & Tech Pro. Subscribe today to receive industry-changing connectivity news and analysis to your inbox. The smart speaker has been a runaway success in the handful of years since it hit the market, catapulting from obscurity to the peak of sales lists and cementing itself in the public consciousness. According to primary survey data from Business Insider Intelligence, as many as half of US respondents reported living in a home with a voice-enabled AI device. The prevalence of smart speakers… Read More

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Netflix just made its best two plans a bit more expensive

You’ll soon have to spend a few more Washingtons to watch your favorite Netflix content in the US. The standard plan — HD resolution, with up to two simultaneous streams — is going up from $13 a month to $14 a month. If you’re fancy and use the premium 4K tier, you’ll now have to pay $18 instead of $16. The basic 480p tier’s pricing remains the same, at $9 a month. The price hike is effective immediately for new signups in the US, while current subscribers should see the price reflected on their upcoming bills. People in other regions… This story continues at The Next Web Or just read… Read More

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ENTERPRISE VIDEO CONFERENCING: Here’s how five software providers are positioning their platforms amid the pandemic-driven shift to remote work

Summary List Placement Insider Intelligence publishes thousands of research reports, charts, and forecasts on the Connectivity & Tech industry. You can learn more about becoming a client here. The following is a preview of one Connectivity & Tech report, the Enterprise Video Conferencing Report. You can purchase this report here. The first half of 2020 saw video conferencing platforms become central to enterprises’ strategies in navigating the disruptions from the coronavirus pandemic. Between stay-at-home orders, social distancing guidelines, and temporary office lockdown directives, businesses across industries were forced to move operations remotely — and this has forced many more businesses to outfit their workforce with the tech and increase usage.This… Read More

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