Amazon is one of the leading e-commerce business ventures, which is preferred by millions from all around the globe. It is regarded as the leading online retailer amidst the pandemic which has brought in the notion of online shopping on a rapid scale.
Official data released by the company reveals that Amazon’s total revenue has increased 43.8% to $108.518 billion. It had previously surpassed its second consecutive quarter of the $100 billion mark in just a mere period of 3 months. It’s North American sales went from 39.5% to $64.366 billion while the international sales increased from 60.4% to $30.649 billion.
The online venture reached a sky-rocket high from 219.8% to $8.107 billion, surpassing the previous record of $7.222 billion, achieved in the last quarter of 2020.
*Amazon’s performance in the first quarter of 2021*
1. The net sales of $108.518 billion, a 43.8% increase from $75.452 billion in the same quarter in 2020. In addition, the Net product sales accounted for $57.491 billion. The net service sales including Amazon’s fulfillment services for sellers on its marketplaces has hit $51.027 billion, up 51.8% from the previous year’s $33.611 billion.
2. The North American net sales of $64.366 billion went from 39.5% to $46.127 billion in the first quarter of 2020. North America shot a total of 59.3% net sales in the first quarter of 2020 or 67.7% of sales excluding Amazon Web Services.
3. International net sales total is $30.649 billion from 60.4% to $19.106 billion in the first quarter of 2020. International sales accounted for 28.2% of total net sales in the fourth quarter or 32.3% of sales, excluding AWS.
4. The Amazon Web Services revenue has hit $13.503 billion during the first quarter of 202, from 32.1% to $10.219 billion a year earlier. The AWS sales have also accounted for 12.4% of consolidated revenue in the first quarter of 2021.
5. Other revenue which includes Amazon’s growing advertising business which has a total sum of $6.905 billion going up 76.8% from $3.906 billion in the same period in 2021.
6. Wealth collected from subscriptions which majorly includes the Prime membership fee witnessed an increase of $7.580 billion of 36.4% from $5.556 billion in the same period in 2021.
7. Amazon’s operating income rose a high of 103.2% to $8.865 billion from $3.989 billion. AWS earned a sum of $4.163 billion through operating income with an increase of 35.4% from $3.075 billion a year ago. The particular profit represented 47.0% of Amazon’s net worth.
8. Amazon’s Q1 operating income, down from 77.1% in the same quarter last year.
Net income of $8.107 billion, up 219.8% from $2.535 billion in the same period in 2020.
9. Spending on fulfillment increased 43.4% to $16.530 billion, up from $11.531 billion in the same period in 2020.
