Amazon’s Prime Day is a big deal: A frenzy of summertime sales that now includes a literal music festival headlined by artists like Taylor Swift, Dua Lupa, and SZA—free to stream for Amazon Prime subscribers, of course. It usually takes place in July, but that won’t be the case in 2020, according to a Reuters report that says Amazon will postpone the event until at least August because of the COVID-19 outbreak. 

The report says the delay will leave Amazon with five million extra devices, like the voice-controlled Echo speakers, that it may now be forced to sell at a discount. Amazon senior vice president and general counsel David Zapolsky wrote in meeting notes obtained by Reuters that the delay could result in a loss of up to $300 million, although a $100 million hit is more likely.

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