Amazon.com Inc.

**Strong Revenue and Income Growth**: Amazon reported Q3 2024 revenue of $158.9 billion, an 11% increase year-over-year, with operating income rising 56% to $17.4 billion, marking the highest quarterly operating income ever for the company.

**Customer Focus and Growth in Subscription Services**: The company noted significant growth in its customer base, with accelerated year-over-year paid Prime membership growth driven by successful promotional events like Prime Day and continued enhancements in delivery speeds and service offerings, such as unlimited grocery delivery.

**E-commerce Dynamics**: Unit growth increased by 12% year-over-year, driven by consumer demand for lower Average Selling Price (ASP) items and a focus on everyday essentials. This indicates a shift in consumer behavior towards more value-oriented shopping, which should enhance long-term customer retention despite potential short-term revenue challenges from lower ASP items.