New York • 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 more grocery services and the much-discussed drone delivery.
In the letter released Thursday, Bezos 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. For $299 a year members get same-day and early morning delivery on groceries and other items ranging from toys to electronics and household goods. Bezos said the goal is to expand to more cities over time.
After making a hubbub about testing delivery by aerial drones in December, the company said its Prime Air team is testing fifth- and sixth-generation aerial vehicles and in the design phase on generations seven and eight. In December Bezos said Amazon was working on creating unmanned aircraft to deliver packages, but said it would take years to advance the technology and for the Federal Aviation Administration to create the necessary rules and regulations.