Amazon crosses $100 billion in gross sales in enormous first quarter


Illustration by Alex Castro / The Verge

Amazon had a wildly profitable 2020, regardless of the COVID-19 pandemic, and that blazing path exhibits no indicators of stopping for 2021. The corporate shared its monetary outcomes for Q1 2021, and it introduced in $108.5 billion in web gross sales. That’s a 44 p.c improve from the $75.5 billion reported within the first quarter of final yr, because the pandemic was starting to take maintain globally.

Its income have exploded year-over-year, as nicely, growing to $8.1 billion within the first quarter of this yr. At the moment in 2020, the determine reported was a meager $2.5 billion. Amazon expects to proceed crossing the $100 billion web gross sales mark subsequent quarter with the determine in the end touchdown someplace between $110.zero billion and $116.zero billion.

However as Amazon’s…

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