Amazon Prime Raises Prices, Profits Top Estimates

The transcript discusses Amazon's fourth quarter financial results, highlighting a significant EPS and net sales performance. Despite challenges like inflation and Omicron, Amazon shows pricing power by increasing Prime membership fees. AWS continues to be a major profit driver, with a 40% growth rate. The market reacts positively, with shares rallying despite some missed forecasts. The discussion also touches on Amazon's strategic position and future outlook, emphasizing the importance of AWS in profit composition.

What challenges did Amazon's CEO mention that are affecting costs?

What percentage of Amazon's profits is attributed to AWS?