Amazon reports their Fourth Quarter and Fiscal Year 2020 sales and it has kept increasing its sales and revenue than the last year.
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Fourth Quarter 2020 Report
Net sales increased 44% to $125.6 billion in the fourth quarter,
compared with $87.4 billion in fourth-quarter 2019.
Excluding the $1.7 billion favorable impacts from year-over-year changes
in foreign exchange rates throughout the quarter, net sales increased 42%
compared with fourth-quarter 2019.
Operating income increased to $6.9 billion in the fourth quarter,
compared with operating income of $3.9 billion in fourth-quarter 2019.
Net income increased to $7.2 billion in the fourth quarter compared
with net income of $3.3 billion in fourth-quarter 2019.
The fiscal Year 2020 Report
Net sales increased 38% to $386.1 billion, compared with $280.5 billion
in 2019. Excluding the $1.4 billion favorable impact from year-over-year
changes in foreign exchange rates throughout the year, net sales increased 37%
compared with 2019.
Operating income increased to $22.9 billion, compared with operating
income of $14.5 billion in 2019.
Net income increased to $21.3 billion compared with net income of $11.6
billion in 2019.
And it marks one of Jeff Bezos’ final quarters as CEO as he is stepping
down from his role in the third quarter of 2021, and Amazon Web Services CEO
Andy Jassy to take his place, and the company couldn’t be in better shape financially
for the big transition.
Also, read last year report of Samsung Elèctronics
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