The 2020 Mid-Year Economic Update_long

Amazon Second Quarter Sales Up 19.8%

For the first six months sales grew 18.5% to $123.1 billion., Inc. (NASDAQ:AMZ) reported sales of $63.4 billion in the second quarter, up 19.8% compared to the same quarter in 2018. Operating income increased to $3.1 billion in the second quarter, compared with operating income of $3 billion in second quarter 2018.

Profit increased to $2.6 billion in the second quarter, compared to $2.5 billionin second quarter 2018.

“Customers are responding to Prime’s move to one-day delivery — we’ve received a lot of positive feedback and seen accelerating sales growth,” said Jeff Bezos, Amazon founder and CEO. “Free one-day delivery is now available to Prime members on more than ten million items, and we’re just getting started. A big thank you to the team for continuing to make life easier for customers.”

For the first six months sales grew 18.5% to $123.1 billion. Profit increased 48.6% to $6.2 billion. 

Is Amazon really the enemy? MDM’s Director to Technology, Jason Capshaw says no.

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