> The company forecast net sales in the range of $69 billion and $73 billion for the first quarter. Analysts were expecting revenue of $71.65 billion, according to IBES data from Refinitiv.
> Net sales in North America, its biggest market, jumped 21.6% to $53.67 billion during the fourth quarter. Analysts had expected revenue of $52.23 billion from the segment.
> Revenue from its lucrative cloud computing unit Amazon Web Services (AWS), which sells data storage and computing power in the cloud, surged 34% to $9.95 billion. Analysts had expected $9.84 billion.
> Amazon’s total operating expenses surged 21.8% during the quarter to $83.56 billion.
> Net sales rose 21% to $87.44 billion in the fourth quarter ended Dec. 31 , beating estimates of $86.02 billion.
- 150 million amazon prime users globally (equal to france + germany or half of US population). Impressive!!
- Rivian is integrating Alexa into its electric vehicle lineup, including its upcoming fleet of 100,000 all-electric Amazon delivery van. What this will do to Tesla?
- Amazon Music has more than 55 million customers worldwide. Collectively, in the U.S., U.K., Germany, and Japan, Amazon Music customers have grown nearly 50% year-over-year;
- AWS announced the general availability of AWS Outposts, a fully-managed service that extends AWS infrastructure and services to virtually any data center, co-location space, or on-premises facility. On-premises is gaining importance? Trust issues?
> Net sales in North America, its biggest market, jumped 21.6% to $53.67 billion during the fourth quarter. Analysts had expected revenue of $52.23 billion from the segment.
> Revenue from its lucrative cloud computing unit Amazon Web Services (AWS), which sells data storage and computing power in the cloud, surged 34% to $9.95 billion. Analysts had expected $9.84 billion.
> Amazon’s total operating expenses surged 21.8% during the quarter to $83.56 billion.
> Net sales rose 21% to $87.44 billion in the fourth quarter ended Dec. 31 , beating estimates of $86.02 billion.
[Reuters] - https://www.reuters.com/article/us-amazon-com-results/amazon...