Amazon crosses $100 billion in sales in huge first quarter
Amazon had a wildly successful 2020, despite the COVID-19 pandemic, and that blazing trail shows no signs of stopping for 2021. The company shared its financial results for Q1 2021, and it brought in $108.5 billion in net sales. That’s a 44 percent increase from the $75.5 billion reported in the first quarter of last year, as the pandemic was beginning to take hold globally.
Its profits have exploded year-over-year, as well, increasing to $8.1 billion in the first quarter of this year. At this time in 2020, the figure reported was a meager $2.5 billion. Amazon expects to continue crossing the $100 billion net sales mark next quarter with the figure ultimately landing somewhere between $110.0 billion and $116.0 billion.
But as Amazon’s…