Amazon Is "Pretty Maniacally Focused’ On Keeping Prices Down

Amazon CEO Andy Jassy acknowledged ongoing uncertainty surrounding U.S. tariffs, saying, “It’s hard to tell where they’re going to settle and when they’re going to settle.”

Despite the uncertainty, Amazon posted stronger-than-expected Q1 earnings. I Photo: Amazon

Jassy made the comments in an interview with Fortune Tech’s Stuart Dyos. With global trade tensions roiling markets and raising fears of consumer price hikes, Jassy said Amazon remains singularly focused on protecting shoppers.

“There’s maybe never been a more important time in recent memory than trying to keep prices low, which we are heads down and pretty maniacally focused on,” he said.

Despite the uncertainty, Amazon posted stronger-than-expected Q1 earnings. The company reported earnings of $1.59 per share on revenues of $155.6 billion, beating analyst expectations of $1.37 per share on $155.1 billion in revenue.

The earnings beat drove Amazon’s stock to its highest level since April 9, following a pre-earnings rally of over 3%.