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Amazon’s post continues:

Amazon’s growth in physical retail raises natural concerns among many of the same traditional retailers whose businesses have been undercut by the company’s online prowess. In a special report on the company, the Economist cites the possibility of new regulatory scrutiny for the company in the future. “If Amazon does become a utility for commerce, the calls will grow for it to be regulated as one,” the magazine concludes. “Shareholders are right to believe in Amazon’s potential. But success will bring it into conflict with an even stronger beast: government.”

Amazon’s hardware refresh shows how the company will position itself against Apple, Samsung and other rivals for the upcoming holiday season. As expected, the new lineup does not include a new version of the ill-fated Amazon Fire Phone. Executives?declined to say whether?Amazon’s smartphone will be resurrected.

Among them, 36 firms forecast year-on-year net profit growth of more than 100 percent.

Amazon’s annual cloud conference is going fully digital this year as the global pandemic forces companies to move events online.