April 30, 2021

Andrew Campbell 

Analysts are considering the COVID pandemic has been so profitable as to be regarded as a golden age for the Seattle-based American multinational e-commerce company Amazon.com Inc.

Amazon reported on April 29 its first-quarter earnings of US$ 8.11 billion. In the past 12 months, Amazon collected a net income of US$ 26.9 billion while Amazon’s profits from 2017 to 2019 reached US$ 24.7 billion. And they were recorded Amazon’s most profitable 3 years in its history. The results indicated effects amid the COVID pandemic since early 2020 have contributed to strong growth in Amazon's business.

The founder and CEO of Amazon Jeffrey Preston Bezos applauded its core business achievements, while the world was taking measures to tackle the pandemic crisis and lockdowns, in online shopping with home delivery, the media streaming service Prime Video and the cloud-based web-services division AWS.

The quarterly revenue of Amazon rose from US$ 75 billion this time last year to US$ 108.5 billion reported to the end of March. Meanwhile, profit was US$ 8.1 billion, tripling from US$ 2.5 billion a year ago. Although the COVID pandemic seems to recede in some markets around the world, Mr. Bezos expects Amazon's sales and profits to continue to grow as consumers worldwide continue favorably shopping online.
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