Amazon became the first company to earn £100 billion in a single quarter
In a single quarter, Amazon, one of the world's largest e-commerce companies, became the first company to exceed...
Yayınlanma: 6 Şubat 2022 02:02
Güncellenme: 21 Eylül 2024 06:26
US-based e-commerce company Amazon has become the first company in history to earn £100 billion in a single quarter.
The company, founded by Jeff Bezos, increased its sales by 9 percent in the last quarter of 2021 and increased its sales by 9 percent to a total of 101 billion pounds while achieving more than 1 billion pounds in daily sales.
The company reported that despite rising transportation costs due to rising gasoline prices and supply chain disruptions due to the pandemic, its profits almost doubled and reached 10.5 billion pounds.
While the company said that it was doing better than other companies as shoppers flocked to the internet during the curfews during the pandemic, analysts were cautious that this situation could lose its effect.
Amazon shares rose 18 percent in post-market trading following the announcement, while it said it would increase Prime subscriptions to pay for rising costs, including higher salaries.
Meta, which announced a loss of users the other day, saw a 26.4 percent decrease in its shares and lost $230 billion from its market value, while the wealth of company CEO Mark Zuckerberg decreased by $31 billion.
