Illustration by Alex Castro / The Verge
Even without Prime Day, Amazon had a blockbuster quarter. Its net income nearly tripled from this time last year, as retail store closures and coronavirus restrictions encouraged people to spend big online. In its earnings report today, Amazon said it made $6.33 billion in net income, up from $2.13 billion during the same quarter a year earlier.
Amazon’s Prime Day — which has previously been held in July — was delayed until October, so it didn’t give a boost to this quarter’s results. The corporate holiday / sales event offers days of discounts, helping to drive purchases during an otherwise slower season. Even without it happening this summer, Amazon’s net sales reached $96.1 billion for its third quarter, up from $70.0 billion the…
Go to Source
Author: Jacob Kastrenakes