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Has the pandemic Amazon behavior cemented? Gross sales soar 44 p.c in 1Q 2021 – NEWPAPER24

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Has the pandemic Amazon behavior cemented? Gross sales soar 44 p.c in 1Q 2021

2021-05-03 05:04:00

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THE WHAT? Amazon has introduced its outcomes for the primary quarter of the present monetary 12 months. The e-commerce behemoth noticed gross sales soar 44 p.c versus the identical interval in 2020 to US$108.5 billion, whereas working revenue rose to US$8.9 billion in comparison with US$4 billion in Q1 2020.

THE DETAILS What’s extra, the web buying big is anticipating progress to proceed within the second quarter of the 12 months, regardless of the lifting of lockdowns throughout Europe and the US, forecasting a gross sales rise of 24 to 30 p.c for the April to June interval versus the identical three months in 2020.  

Highlights of the quarter embrace the launch of a Polish web site in addition to the enlargement of Amazon’s air cargo community with the acquisition of 11 plane. The corporate additionally opened its first worldwide bodily retail shops powered by Simply Stroll Out know-how in London, bringing the full of Amazon Recent bodily shops to fifteen worldwide.

In the meantime, Amazon Internet Companies noticed ‘important buyer momentum’ whereas its leisure arm celebrated its most profitable awards season thus far.

THE WHY? Jeff Bezos, Amazon founder and CEO, commented, “As Prime Video turns 10, over 175 million Prime members have streamed exhibits and films up to now 12 months, and streaming hours are up greater than 70 p.c 12 months over 12 months. Amazon Studios obtained a document 12 Academy Award nominations and two wins. Upcoming originals embrace Tom Clancy’s With out Regret, The Tomorrow Struggle, The Underground Railroad, and rather more. In simply 15 years, AWS has grow to be a $54 billion annual gross sales run charge enterprise competing towards the world’s largest know-how corporations, and its progress is accelerating—up 32 p.c 12 months over 12 months. Firms from Airbnb to McDonald’s to Volkswagen come to AWS as a result of we provide what’s by far the broadest set of instruments and providers obtainable, and we proceed to invent relentlessly on their behalf. We love Prime Video and AWS, and we’re proud to have them within the household.”

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