AMZN Stock Down 1%, AWS Launched No-Code Mobile, Web App Builder Amazon Honeycode

UTC by Daria Rud · 3 min read
AMZN Stock Down 1%, AWS Launched No-Code Mobile, Web App Builder Amazon Honeycode
Photo: Depositphotos

AWC revealed the launch of Amazon Honeycode builder. But this news did not help Amazon stock to make big gains on Wednesday. AMZN closed 1.09% down, $2734.40 per share, and is down in the pre-market.

On Wednesday, the cloud unit of Amazon.com Inc (NASDAQ: AMZN) announced the launch of a new service that makes it easier to build applications. Named Amazon Honeycode builder, the tool is fully managed. It allows users to build powerful mobile and web apps without writing any code.

Meanwhile, the announcement did not help Amazon stock to make big gains on Wednesday. It closed 1.09% down, $2734.40 per share, and declined by another 0.34% after hours.

Amazon’s market cap is $1.38 trillion. As Amazon has taken advantage of the coronavirus pandemic and showed great performance year-to-date, some believe the company is moving to a record $2 trillion market cap. In addition to increasing sales volume, Amazon is expanding its services. With keeping this trajectory, $2 trillion value is possible.

Amazon Honeycode App Builder: Details

As Amazon Web Service (AWS) has explained, Amazon Honeycode includes templates for some common apps that can be used right away. Among them are to-do list applications, task and content trackers, surveys, schedules, and inventory management apps. Users can customize these apps at any time and deploy the changes immediately.

AWS Vice President Larry Augustin said:

“Customers have told us that the need for custom applications far outstrips the capacity of developers to create them. Now with Amazon Honeycode, almost anyone can create powerful custom mobile and web applications without the need to write code.”

Amazon Honeycode is easy to use, it includes a number of built-in functions already familiar to users. Developers, or “builders”, can create applications for up to 20 users for free. After that, they pay per user and for the storage that their applications take up.

Currently, Amazon Honeycode only runs in the AWS US West region in Oregon. But other regions will soon get access to it as well.

Among the first customers of Honeycode are SmugMug and Slack.

Brad Armstrong, VP of Business and Corporate Development at Slack, commented:

“We’re excited about the opportunity that Amazon Honeycode creates for teams to build apps to drive and adapt to today’s ever-changing business landscape. We see Amazon Honeycode as a great complement and extension to Slack and are excited about the opportunity to work together to create ways for our joint customers to work more efficiently and to do more with their data than ever before.”

Obviously, the initiative could help Amazon Web Services broaden its audience beyond programmers. Besides, with more services, AWS customers will spend more money, which makes sense as the cloud unit accounts for the major part of Amazon’s operating income.

Business News, Cloud Computing, Market News, News, Stocks
Daria Rud
Author Daria Rud

Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.

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