With its biggest hardware gamble a failure and Windows 10 about to arrive, the software maker is pressed to prove what it can achieve in the phone business.
The company will sell additional shares and hold a bond offering to raise the required funds that it says will be used to help it transform "into a highly profitable enterprise."
The e-commerce giant's unexpected profit and better-than-predicted sales prompted investors to push Amazon's market value above Walmart's.
The company lost 126 billion yen ($1.05 billion) in the fiscal year ended in March, but it expects to turn that around with a 140 billion yen profit next fiscal year.
For the first time, the e-commerce giant reports sales results for Amazon Web Services -- and they're whopping.
The company swings to a loss on the weight of layoffs and a writedown of its Nokia handset division.
Dragging down the rest of the company Sony's mobile unit posts a quarterly operating loss of $1.6 billion on $2.8 billion in revenue.
Forrester Research says the revenue hit to US cloud and outsourcing providers is less than initially expected because international customers boosted security instead of leaving.
It's a weird week when Amazon's stock surges on a tiny profit, while Apple's stock retreats after another impressive quarter.
The $16.6 billion deal will see the companies combine their networking and telecoms strengths.