About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, January 31, 2020

Amazon Saw Slight Slowdown in Fourth Quarter

Amazon reported a 21% year-on-year increase in sales for the fourth quarter of 2019 to 87.4 billion U.S. dollars. For the full year, net sales increased 22% on a constant currency basis to 280.5 billion dollars. Growth at its cloud arm, AWS, slowed to 34% in the fourth quarter, compared with 37% for the whole of 2019.

“More people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world,” said Jeff Bezos, Amazon CEO. "The number of items delivered to U.S. customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year... Prime members watched double the hours of original movies and TV shows on Prime Video this quarter compared to last year.” source: Amazon statement

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