Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member., Inc. (AMZN) Takes Aim At Rivals With 10,000 Machines, Inc. (NASDAQ:AMZN) is taking aim at its rivals this holiday season with 10,000 machines.

That’s according to Liz MacDonald of Fox Business Network where she reported that, Inc. (NASDAQ:AMZN) CEO Jeff Bezos has robots up his sleeves for the holidays.

“Jeff Bezos has about 1,400 robots in Amazon fulfillment centers across the country. He wants to ramp it up to 10,000 robots and here’s the bottom line for Amazon – the aim is to cut their fulfillment costs,” MacDonald said.

According to the Fox Business Network host,, Inc. (NASDAQ:AMZN) spent about $2.6 billion in fulfillment costs in the third quarter of this year.

MacDonald said that Bezos, the leader of, Inc. (NASDAQ:AMZN) – the giant electronic commerce giant second only to Alibaba and one of the world’s most frequently visited websites – plans to cut fulfillment costs for his company by about 40%.

Put into perspective, Bezos plans to use robots to cut about $1 billion from order fulfillment spending.

Bezos’ plan to ramp up the use of robots in his warehouses is especially timely because the holiday season is upon communities. Orders usually pick up this time of the year.

Amazon, is AMZN a good stock to buy, robots,

Connected to this planned rollout of more robots for Amazon fulfillment centers was the $775 million purchase of Kiva Systems Inc. two years ago. Kiva specializes in order fulfillment automation. In Amazon’s quarterly report last May, Bezos revealed 10,000 Kiva robots would be working in Amazon centers in the last quarter of the year.

MacDonald noted that the company posted its worst quarterly loss in the past 14 years in the just-ended quarter mainly because of high fulfillment costs., Inc. (NASDAQ:AMZN) shareholders includes Eashwar Krishnan’s Tybourne Capital Management. The first reported owning 412,725 shares in the company by the end of the second quarter.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!