US e-commerce big Amazon has introduced its steadiness sheet for the final quarter of 2020.
Within the assertion, which acknowledged that there shall be a supervisor change within the firm this yr, Amazon’s founder Jeff BezosIt has been reported that within the third quarter of the yr, he’ll resign from his senior administration place.
Within the assertion, BezosIt was acknowledged that the corporate will proceed to stay as the chairman of the board of administrators, and it was famous that Andy Jassy would be the prime supervisor of Amazon.
COMPANY’S QUARTERLY REVENUE EXCEEDS $100 BILLION FOR THE FIRST TIME
Within the assertion the place the monetary outcomes of the corporate for the final quarter of 2020 had been additionally shared, it was famous that Amazon’s quarterly income exceeded $ 100 billion for the primary time.
Within the assertion, it was famous that Amazon’s gross sales reached 125.6 billion {dollars} within the fourth quarter of 2020, a rise of 44 % in comparison with the identical quarter of the earlier yr.
SALES INCREASED 38 PERCENT IN 2020
Mentioning that the corporate’s gross sales elevated all through 2020, it was acknowledged within the assertion that Amazon’s gross sales elevated by 38 % in 2020 in comparison with the earlier yr, reaching $ 386.1 billion.
Within the assertion, it was reported that the web revenue of the corporate elevated to $ 7.2 billion within the fourth quarter of final yr, and the revenue per share was $ 14.09. The corporate introduced a revenue of $ 3.3 billion within the fourth quarter of 2019.
Within the assertion, which recorded that Amazon’s web revenue was $21.3 billion in 2020, it was reported that the revenue per share was $41.83 final yr. Amazon made a revenue of $11.6 billion in 2019.
IT WAS ESTABLISHED IN THE GARAGE OF THE HOUSE
Jeff Bezos, who lived in the home of his stepfather Miguel Bezos in 1995, progressively turned their storage right into a workshop and based Amazon on this storage.
Amazon, which initially served just for the sale of books, is now one of the biggest e-commerce websites on the earth.
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