What lies between A and Z is, apparently, a large bag of cash.
That’s certainly what the fourth quarter figures for Amazon indicate the company released the impressive figures Thursday. The numbers contained in the report don’t lie with Amazon boasting a net income of $482 million in 2015’s final quarter. In the same quarter one year earlier the company’s income was $214 million.
All numbers, in fact, increased with an impressive 22 percent jump in sales to $35.7 billion in the final quarter alone. That’s up from the $29.3 billion in the fourth quarter of 2014. Net sales for the final quarter – when “unfavourable impact from year-over-year changes in foreign exchange rates – increased 26 percent when compared to the same period one year ago.
“Twenty years ago, I was driving the packages to the post office myself and hoping we might one day afford a forklift. This year, we pass $100 billion in annual sales and serve 300 million customers,” Jeff Bezos, founder and CEO of Amazon.com, stated in a company release.
“And still, measured by the dynamism we see everywhere in the marketplace and by the ever-expanding opportunities we see to invent on behalf of customers, it feels every bit like Day 1.”
Speaking of firsts, Amazon has reason to celebrate with Fire TV remaining the best-selling streaming media player in the U.S.. and the $50 Fire tablet has been the No. 1 best-selling, most gifted, and most wished-for product across all items available on Amazon.com since its introduction 19 weeks ago.