Amazon posted record profits due to pandemic shopping to record net sales rose of $108.5 billion in the first quarter from $75.5 billion, beating analysts' estimates, tripling profit to more than $8.1 billion, according to Refinitiv.
Since the start of the pandemic outbreak, Amazon have recruited more than 500,000 employees to keep up with growing demand.
"In just 15 years, Amazon Web Services (AWS) has become a company with annual sales of $54 billion, competing with the world's largest tech companies, and its growth is accelerating," CEO Jeff Bezos said in a press release.
Amazon's revenue has been the growing through store chain, including the Whole Foods Market and cashier-less convenience shop, healthcare with an online doctor service for employers.
“Beyond the core retail and cloud units, advertising revenue has increasingly become another driver of significant growth for Amazon,” said Jesse Cohen, senior analyst at Investing.
Amazon ads and other sales also rose 77% to $ 6.9 billion, beating estimates.
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