It has an outward-facing display that shows the eyes and expressions of people wearing it, which one Apple-friendly blogger described as â€œnightmarishly ghoulishâ€. Compared to the simplicity of the iPhone and iPad, the new headset soundsâ€¦ complicated. Now the tech state is preparing to release a mixed-reality headset, reportedly priced at an eye-popping $3,000. Itâ€™s been over a decade since the company released its iPad â€“ the last time it debuted a truly revolutionary product. Innovation has arguably slowed down within the borders of Apple. Luxury goods, like the Apple Headset due to be released this year, may be more sensitive to a recession and squeeze on spending. You might be going on Amazon and buying it in bulk and getting a big discountâ€ Russell added. Â€œSo consumers will be hunting for bargains. The Bank of England has predicted 1 per cent negative growth and double-digit inflation in 2022. But when the recession comes, which in the UK in particular is going to hit extremely hard, then a lot of that goes awayâ€ Â€œWhen consumers are rich, they can be very choosy and might prioritise ethical concerns and locally sourced goods. Â€œAmazon is a logistics company, the value of AWS is nearly the same as the market value of Amazonâ€™s retail business as a wholeâ€.ÂĪmazonâ€™s core retail business was supplemented by behemoths such as AWS, its cloud computing arm, Russell said, adding that Amazon was also a â€œvery big source of imported cheap goods.â€Â Â Â€œThe falling stock price is reflective of sentiment-based market wide trends, spurred by the US Federal Reserve signalling a cooling of the economy,â€ he told us.Â The complaint claims Amazon forced one pregnant worker to continue lifting packages over 25 pounds (11 kg), and put her on indefinite unpaid leave after she was injured.ĭespite these challenges, Rupert Russell, author of â€˜ Price Wars: How Commodities Markets Made Our Chaotic Worldâ€™, said Amazon isnâ€™t in trouble.Â New York state is suing: alleging that Amazon discriminates against pregnant and disabled workers.It would force Amazon (and Google and Facebook) to sell off large parts of their ad operations.Â If passed, the laws would block companies with more than $20 billion in digital ad revenue operating in more than one part of the online advertising industry. US bills could break up Amazonâ€™s ad business: a bipartisan group of US lawmakers is proposing to regulate the digital ad industry like the securities markets.

The company is looking to sublet 10 million square feet of warehouse space to try and manage costs. Itâ€™s a far cry from the past several years â€“ when Amazon struggled to hire workers fast enough (it hired 270,000 in the second half of 2021 alone). Amazon has too many workers: the tech state has admitted that it hired too quickly in its warehouses during the pandemic, and efficiency is falling as a result.What else? Here are some of the big issues facing Amazon:Â

Inflationary pressures added approximately $2 billion to Amazonâ€™s expenses compared to a year ago.Â â€œIn 2022, we expected a return to normalcy as Covid-19 restrictions around the world eased, but fuel prices and inflation have presented further challenges,â€ said Amazon spokesperson, Dagmar Wickham. In April the tech state alarmed analysts with reports of slow growth, making for a weak outlook in the later portion of the year. Investors wiped almost 25 per cent off Target shares this month after rising costs caused its profit to half â€“ and Amazon is being hit by the same inflationary pressures of higher freight, fuel and labour costs.Â At the same time, inflation is curtailing consumer buying: customers are cutting back on buying bigger ticket items as they struggle to get by.Â Why? The surge of demand for online retail that came with the pandemic is fading. Some predictions say it could fall to as little as $ 1,700, its lowest value since 2019.

Tencentâ€™s co-founder was unusually outspokenĪmazonâ€™s stock price dropped seven per cent last week, and is down 36 per cent since the start of the year.Googleâ€™s YouTube battled wartime disinformation.Affairs of state: Have we passed peak Amazon?.

Amazon gets uk antitrust scrutiny on