Amazon surpasses $100B in quarterly revenue for 1st time
Shortpedia
Content Team
Image Credit: shortpedia
After Apple, Amazon became the second US tech company to log its largest quarter by revenue of all time at $125.56 billion, as online shopping broke all records in the holiday quarter (October-December period) amid the Covid-19 pandemic. The company doubled its net income to $7.2 billion for the quarter, compared to $3.3 billion for the same period in 2019. Amazon's full-year 2020 net sales were up 38 per cent, to $386.1 billion.
