以下为 亚马逊 2 025 年第 1 季度财报电话会纪要，财报解读请移步《AI 猛投、关税搅局，亚马逊重进 "下蹲期"？》 1、财报核心信息回顾： | Amazon earnings wrap | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | $'00 mn | 1Q23 | 2Q23 | 3Q23 | 4023 | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 1Q25E | Var. | | Total revenue | 1,274 | 1,344 | 1,431 | 1,700 | 1,433 | 1,480 | 1,589 | 1,878 | 1,557 | 1,552 | 0.3% | | yoy | 9.4% | 10.8% | 12.6% | 13.9% | 12.5% | 10.1% | 11.0% | 10.5% | 8.6% | 8.3% | | | Online store | 511 | 530 | 573 | ...

专题：聚焦美股2025年第一季度财报 高盛分析师Eric Sheridan：我这里有两个问题。首先，从战略角度来看，鉴于全球贸易环境在未来几个 月可能发生变化，存在各种不确定性。中期来看，管理层认为公司在此种环境下应如何定位？哪些关键 战略能让公司无论出现何种结果，都能通过某种方式获利？在未来几个月里，在投资优先级排序方面公 司有怎样的考虑？另外，关于下一季度的营业收入展望，从成本方面来看，有没有哪些成本纯粹是应对 当下贸易形势的投入，这些成本在今年晚些时候或明年有没有可能继续存在？ 亚马逊发布第一季度财报：净销售额为1556.67亿美元，同比增长9%，不计入汇率变动的影响为同比增 长10%；净利润为171.27亿美元，同比增长64%；每股摊薄收益为1.59美元，与上年同期的0.98美元相比 实现增长。亚马逊第一季度每股摊薄收益超出华尔街分析师预期，但营收则未能达到预期，对第二季度 营收作出的展望也未能达到预期。 详见： 亚马逊第一季度营收1556.67亿美元 净利润同比增长64% 财报发布后，亚马逊CEO安迪·贾西（Andy Jassy）、CFO布莱恩·奥萨维斯基（Brian Olsavsky）和投资 者关 ...

1.【亚马逊公司发射卫星互联网计划首批卫星】美国亚马逊公司28日使用美国联合发射联盟公司运载火箭 首次发射其卫星互联网"柯伊伯计划"的首批量产卫星。"柯伊伯计划"是亚马逊旗下的近地轨道卫星宽带网 络项目。其目标是在近地轨道部署超过3200颗卫星，为全球用户提供快速、可靠的互联网服务。（环球 时报） 2. 【 索尼集团据悉考虑分拆半导体业务，或最快今年完成 】 4月29日消息，据知情人士透露，索尼集团 正在考虑分拆其半导体部门，此举将标志着这家PlayStation制造商精简业务并专注于娱乐领域的最新举 措。因讨论未公开信息而要求匿名的知情人士表示，索尼半导体解决方案集团的分拆和上市可能最快于 今年进行。其中一位知情人士称，索尼考虑将所持的半导体业务的大部分股份分配给股东，并可能在分 拆后保留少数股权。（财联社） 3. 【 我国成功发射卫星互联网低轨卫星 】 4月29日消息，4月29日4时10分，我国在文昌航天发射场使用 长征五号乙运载火箭/远征二号上面级，成功将卫星互联网低轨03组卫星发射升空，卫星顺利进入预定轨 道，发射任务获得圆满成功。这次任务是长征系列运载火箭的第573次飞行。（央视新闻） 此外，如果您 ...

Group 1: Stock Market Performance - The three major U.S. stock indices closed mixed, with the Dow Jones up by 0.28% and the S&P 500 up by 0.06%, while the Nasdaq fell by 0.1% [1] - Major tech stocks showed varied performance, with Intel rising over 2%, while Nvidia dropped over 2% [1] Group 2: AI and Technology Developments - Alibaba's Qwen3 has been released as an open-source model, surpassing competitors with a total of 235 billion parameters [2] - Apple CEO Tim Cook has reorganized the company's robotics team, indicating dissatisfaction with the progress in AI and machine learning [6][5] - OpenAI is enhancing its ChatGPT tool to facilitate online shopping, allowing users to purchase products directly through the platform [7] Group 3: Investment and Financial Activities - Amazon launched its first batch of satellites for the "Project Kuiper" internet initiative, aiming to deploy over 3,200 satellites for global internet coverage [7] - Alphabet plans to issue approximately $4 billion in high-grade corporate bonds, with the longest maturity potentially yielding 1% to 1.05% above U.S. Treasury rates [7] - Over 700 billion yuan has been allocated by local government funds towards humanoid robotics and related industries [8] Group 4: Company Listings and IPOs - Seres has applied for a mainboard listing in Hong Kong, with projected revenue of 145.1 billion yuan in 2024, marking a 305.5% year-on-year increase [9] - Stone Technology is considering an IPO in Hong Kong to raise up to $500 million, although plans are still in the early stages [10]

Group 1: OpenAI and E-commerce - OpenAI announced improvements to ChatGPT, enhancing search and shopping experiences, allowing users to receive product recommendations, images, reviews, and purchase links [2] - ChatGPT's web search volume surpassed 1 billion in the past week, indicating its rapid growth and popularity [2] - The integration of AI with e-commerce through ChatGPT demonstrates significant potential in commercial applications [2] Group 2: Robotics in Surgery - Elon Musk predicts that robots will surpass top human surgeons in about five years, emphasizing the advantages of precision and speed in robotic surgery [3] - Musk's comments highlight the optimistic outlook for AI applications in the medical field, particularly in surgical procedures [3] Group 3: Alibaba's Qwen3 Model - Alibaba launched the Qwen3 series of large language models, with the flagship Qwen3-235B-A22B showing competitive results in benchmark tests against top models [4] - The smaller MoE model Qwen3-30B-A3B demonstrated superior performance with only 10% of the activation parameters compared to its predecessor [4] - The release of Qwen3 signifies a technological breakthrough and innovation capability in the large language model sector [4] Group 4: Meta's Space AI Project - Meta, in collaboration with NVIDIA and HP, introduced the Space Llama AI project to support astronauts in the International Space Station [5] - The project aims to reduce costs, lower computational demands, and provide quick responses to astronauts' challenges in space [5] - Space Llama addresses the data transmission issues faced in space, enhancing efficiency and safety for astronauts [5] Group 5: Amazon's Kuiper Project - Amazon successfully launched the first batch of mass-produced satellites for its Kuiper Project, aimed at establishing a low Earth orbit satellite broadband network [6] - The Kuiper Project plans to deploy over 3,200 satellites to provide fast and reliable internet services globally [6] - This launch marks a significant step towards developing satellite internet technology and services [7]