Amazon’s Earned More Profit in 2020 than in the Past Three Years Combined
Apr. 30, 2021Now, one of the primary reasons for Amazon’s highly profitable year was the pandemic and the work-from-home culture, which it forced people to adopt. This led consumers to rely more on e-commerce platforms for their daily needs and Amazon was right at the helm of it all.
So, much of its revenue was fueled by its e-commerce services and its premium all-in-one customer service plan Amazon Prime. The company reports that it has garnered over 200 million paid members for Amazon Prime, which includes various benefits for customers including its digital streaming services likePrime VideoandPrime Music.
Apart from this, the work-from-home trend in most of the countries drove the usage of its cloud platform AWS (Amazon Web Services). As a result, the said division yielded $13.5 billion in revenues, which amounts to 12% of the total revenue earned by the entire company.
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