The COVID-19 pandemic has not been bad news for Amazon as it hopes that the shopping habits that developed throughout the course of the first three months of this year led to a tripling in their profits. COVID-19 led to the company’s revenues to boost and it expects this to continue for the upcoming months. The company’s revenue rose from $75bn to a whopping $108.5bn for the first three months of 2021.
Amazon has spread its versatility into automated grocery shopping, online healthcare services and even a bricks-and-mortar hair and beauty salon in London. But the core offerings such as online shopping and media streaming all received a massive boost, unlike many other businesses struggling during the pandemic.
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Photo Source: Amazon, Sky News