And you thought Appleās financials were hard to explain. Amazon just delivered a net income of $8.1 billion on revenues of $108.5 billion, a record for the first quarter.
Amazon founder and CEO Jeff Bezos delivered a non-sensical quote in the earnings announcement—I guess heās eager to move on—so Iāll just move forward to the handful of data points that the company provided about the quarter:
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Amazon Prime. There are now more than 200 million paid Prime members worldwide.
Prime Video turns 10. Amazonās video streaming service was used by over 175 million Prime members in the past year and streaming hours are up over 70 percent year-over-year. Thanks, COVID!
AWS turns 15. AWS is now a $54 billion business—based on annual sales run rate—and its growth has accelerated to 32 percent YOY.
Operating cash flow. Amazonās operating cash flow increased 69 percent to $67.2 billion, compared with $39.7 billion for the previous 12 months.
Amazon also notes that itās making progress towards its goal of using 100 percent renewable energy by 2025. It is now the largest corporate purchaser of renewable energy globally.
The firm expects net sales in the current quarter to land somewhere between $110.0 billion and $116.0 billion, which would represent YOY growth of between 24 and 30 percent.
dftf
<blockquote><em><a href="#625766">In reply to locust_infested_orchard_inc.:</a></em></blockquote><p>It might vary by country. But I've clicked on a random music CD on the UK site and the default purchase option is sold by Amazon directly, as it says "Dispatched from and sold by Amazon".</p><p><br></p><p>If I click "New and used" it brings-up the side-panel at the right showing other sellers.</p><p><br></p><p>For one of those sellers, "Dispatches from" and "Sold by" both say "bargainbookman", which means that seller ships the item. (So any issues with the item have to be dealt-with by that seller only). Sometimes if you click the name of the seller, it will give you their address on their seller page.</p><p><br></p><p>For another seller, "Dispatches from" says "Amazon" and "Sold by" says "onlygreatCDsUK". In such cases, that means the item is "Fulfilled by Amazon", as the seller stores it in Amazon's warehouse, and so the Amazon team post it to you. So any customer-service issues are supposed to be dealt-with by Amazon directly, and such items are (mostly!) eligible to be sent to an Amazon Locker, and count towards the minimum Ā£20 basket-value you must make-up to get free-postage (i.e. if you aren't a Prime subscriber).</p>
dftf
<blockquote><em><a href="#625794">In reply to derekaw:</a></em></blockquote><p>From personal-experience, I'd say <em>mostly </em>does everything right (from a customer-perspective — clearly for the workers, things could be better!), though I do have two areas of complaint.</p><p><br></p><p>First: if you buy a product that is "Fulfilled by Amazon", then it says that Amazon ship the item, and handle all returns and refunds. But if a device fails during the warranty-period, they apparently don't handle that, and always pass-you-off to the seller or manufacturer. I'm sure under UK law they should handle it, as the retailer.</p><p><br></p><p>And second: trying to get items sent to a Amazon Locker can be a bit of a crapshoot. I've often got a basket ready, made-sure every item in it is either directly sold by Amazon, or "Fulfilled by", but during the checkout process get told "This item cannot be sent to an Amazon Locker" or "This Locker is full, choose a different shipping destination", even when the item in question is tiny! I wish they'd make clearer on the site what can and cannot go to a Locker so I know in-advance</p>
dftf
<p>It's mad how for online-retail companies, like Amazon, and for digital-subscriber services, like Disney+, Spotify, Apple Music, YouTube Premium, they've all experienced massive growth in the past year (as you'd expect, with massive numbers of people suddenly having to stay in).</p><p><br></p><p>And yet many doorstep-delivery services reported losses for 2020: Uber Eats (-$873M/-Ā£630M/-ā¬723M), Just Eat (-ā¬151M/-Ā£132M/-$182M) and Deliveroo (-$309M/-Ā£223M/-ā¬256M) as examples. If they cannot make a profit during a time takeaway orders have skyrocketed, will they ever?</p>