03
May

Huge rise at Amazon

Amazon was able to present a tremendous rise in sales and profit in the first quarter of 2019 compared to last year.

Net sales increased 17% from 51 bn USD (45.4 bn EUR) to 59.7bn USD (53.2 bn EUR). And net income increased 125% from 1.6 bn USD (1.4 bn EUR) to 3.6 bn USD (3.2 bn EUR). In the 2.quarter they want to increase sales by 13 - 20% over the previous year.

Amazon has announced a whole list of news at the press conference. Below is only a small selection of the most important points:

Amazon will invest 800 m USD (713 m EUR) for even faster daily delivery. With the program Amazon Day, it will be possible for business Prime members, initially only in the US, to choose a day of the week for their packages to arrive,

As Vice President and Chief Financial Officer Brian Olsavsky said, for Amazon, the most important thing is, whether it comes from Amazon or third-party suppliers, that customers will get the broadest choice at the best price and in the best and most convenient way.