Amazon sees 39% growth in sales, Q2 2018
In the second quarter of 2018, Amazon’s net sales increased by 38%. The company has reported $52.9 billion in sales. The company’s net income has reached $2.5 billion in the quarter.
CNBC’s Eugene Kim says, “Amazon’s net income saw a whopping twelve-fold increase from the year-ago period, to a record $2.5 billion, marking the third consecutive quarter of surpassing $1 billion in profits. Amazon’s quarterly profit topped the $1 billion threshold for the first time in the fourth quarter of 2017”.
Commenting on Amazon’s Q2 results, AdWeek’s Lisa Lacy says, “In a 35-point list of Q2 highlights, Amazon called out moments like the release of the Fire HD 10 Kids edition tablet; the release of Echo and Alexa in France as well as Echo Spot in India and Japan; the release of machine learning tools for developers to make Alexa skills more engaging and discoverable; the release of the program that helps entrepreneurs start their own last-mile delivery companies; the release of do-it-yourself home security system Ring Alarm; the receipt of 22 Emmy nominations for original programming; the renewal of the streaming partnership for Thursday Night Football, which will be available through the 2019 season; and the debut of try-it-on-at-home fashion service Prime Wardrobe“.
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