The 2020 Mid-Year Economic Update_long

Amazon Annual Sales Up 22%

Amazon.com, Inc. (NASDAQ:AMZ) reported sales net sales increased 20% to $280.5 billion, an increase of 22% compared with 2018. Net income increased to $11.6 billion compared with net income of $10.1 billion in 2018. 
Amazon

Amazon.com, Inc. (NASDAQ:AMZ) reported sales net sales increased 20% to $280.5 billion, an increase of 22% compared with 2018. Net income increased to $11.6 billion compared with net income of $10.1 billion in 2018.

The company reported that sales increased 21% to $87.4 billion in the fourth quarter, compared with $72.4 billion in fourth quarter 2018.

Net income increased to $3.3 billion in the fourth quarter, compared with net income of $3 billion in fourth quarter 2018.

“Prime membership continues to get better for customers year after year. And customers are responding — more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world,” said Jeff Bezos, Amazon founder and CEO. “We’ve made Prime delivery faster — the number of items delivered to U.S. customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year. Members now have free two-hour grocery delivery from Amazon Fresh and Whole Foods Market in more than 2,000 U.S. cities and towns. Prime members watched double the hours of original movies and TV shows on Prime Video this quarter compared to last year, and Amazon Originals received a record 88 nominations and 26 wins at major awards shows. A huge thank you to teams across Amazon for their dedicated work to build, innovate, and deliver for customers this holiday.”

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