During Amazon's annual shareholder meeting, CEO Andy Jassy stated that tariffs have not significantly impacted product prices and that demand remains strong. Jassy noted that over 60% of Amazon's sales come from third-party sellers, contributing to competitive pricing. While other retailers like Walmart anticipate price increases due to tariffs, Jassy emphasized the advantages of Amazon's diverse marketplace in maintaining low prices for customers, suggesting that not all sellers respond uniformly to market changes, allowing Amazon to keep demand steady without raising prices.
We have not seen any attenuation of demand at this point. We also haven't yet seen any meaningful average selling price increases.
I think that the diversity and the size of our marketplace really helps customers have the best selection of the best prices.
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