Amazon recorded a record profit, sales exceeded one hundred billion

Amazon's online store Amazon recorded another record profit in the fourth quarter, with sales exceeding $ 100 billion. Not only the increase in online sales during the pandemic of the new coronavirus, but also the cloud services division contributed to this. The world's largest online store said its earnings rose to $ 7.22 billion (€ 5.99 billion) or $ 14.09 per share in the three months to the end of December 2020 from $ 3.27 billion, or $ 6.47 per share the year before. Analysts predicted the company earned $ 7.23 per share. Amazon also said that its founder and CEO Jeff Bezos will resign in the fall after nearly 30 years in the fall and become chairman of the board. The company will be led by Andy Jassy, ​​who is currently the head of the cloud division. Amazon revenue for the fourth quarter rose 44% to $ 125.55 billion from $ 87.44 billion the year before, and also exceeded analysts' expectations of an average of $ 119.70 billion. Sales from North America increased 40% to $ 75.35 billion, while overseas sales increased 57% to $ 37.47 billion. At the same time, revenue from Amazon Web Services, Amazon's cloud services division, rose 28 percent to $ 12.74 billion. As of the current Q1, the company expects revenue at or just above $ 100 billion, while analysts predict an average of $ 95.69 billion. Bezos founded Amazon in 1994 and has since expanded its business to other areas. It produces movies and sofas, owns a grocery chain and even plans to broadcast satellites into space. The company is one of the most valuable in the world, its value is estimated at almost 1.7 trillion USD.